Our Chamber of Commerce is hosting a cash & prize giveaway to encourage people to shop local during the holidays. As a member of the Chamber of Commerce, the bank has been asked to pass out tickets as entries to win. Each business has a limited number of tickets. Employees of the bank are not allowed to obtain any tickets from the bank, but can from other businesses participating. My question is, can we offer multiple tickets as incentives for our customers to use other services we offer?
Examples would be:
1) A customer comes in to make a deposit= 1 ticket. If they sign up for online banking while here we will offer an additional ticket.
2) A non customer comes in to cash a check= 1 ticket. If they open an account with us we will offer additional tickets.
3) A customer asks about a home loan= 1 ticket. If they qualify, they can earn additional tickets. If they decide to finance with us more tickets.
Is a bank able to give a fee (10 or 20 dollars) to a both the customer and the non-customer if they refer a non-customer to the bank and they invest in a CD account?
Do mortgage loans follow the sames rules/regulations as checking accounts in regards to offering a cash or gift card when an account is opened. For example, could we book a mortgage with up before 12/31/14 and receive a $100 Home Depot gift card? Does this violate anything, and if not, what kind of disclosures would have to be paired with such a statement?