I am wondering if the final rule in Reg D (effective 7/29/2021) regarding transaction limits would still be at the institutions discretion on whether or not they would enforce a limit or not?
For the new Reg D regulation changes for COVID-19 in which withdrawal limits are waived, does the bank have to provide a notice of change within 30 days of the change or not? Is the notification requirement waived if the change is temporary and/or the change is permanent?
When a customer violates Regulation D a third time in a 12-month period, how do most other banks prevent the customer from just opening another savings
account to possibly continue excessive transactions? If a Reg D policy is established to prevent multiple savings account opening over a period of
time, how do banks monitor such activity among their various branch locations?
When a customer violates Reg D for the third time, we take away whatever was abused; such as internet transfers, ACH etc. Can we give what we took away
back to the customer or is it gone for good, or do we not take away something and just close the account? I'm not sure what is a best practice.
Does Reg D apply to a savings account that has been used as security for a loan?
Can a corporation sweep from a personal account? We say no but are checking what you think?
I have been setting up overdraft transfers for funds trying to pull from savings for ACH transactions. They have funds in their checking, and when I set it up and then repost occurs, the funds are transferred from checking along with a transfer fee. Do you know if I am breaking any rules? Normally I would be transferring funds manually. Or should we just be returning the items.
For Reg D excessive transfers purposes from savings account, can a bank choose to use calendar month for one customer and statement cycle for another customer when both have the same account type, such as a money market deposit, so long as we use this consistently per customer?
Is Popmoney considered an automatic transfer with regards to Reg D (excessive withdrawals) limitations?
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?