If I customer has exceeded Reg D limits on a Money Market account 3 times within the past 12 months, and the account has been changed to a regular DDA, can they open a new Money Market DDA with a different account number?
We have a “spin the wheel” promotion. To spin, a customer must donate $1 that the bank donates to a charity. All the prize amounts on the wheel are more than $1 therefore all customers will get more than they donate. The amount won is then sent to the customer via our e-wallet app. We set a certain number of spins and it is done on a first-come-first-served basis.
Can we advertise a drawing on social media only?
Is there a requirement on how many places after the decimal point to use when quoting rates on a rate sheet or advertisement? Two or three places?
With the new Reg CC rules effective July 2018, how will a user be able to differentiate between an electronically created item (ECI) and a remotely created check (RCC)? Will there be an indicator on the file that identifies these items?