According to Reg D, under the sixtransaction limit, are check withdrawals to the accountholder transacted through an automated phone system included?
I have a question regarding NOW account eligibility. Can I assume that revocable living trusts and family trusts are for the benefit of individuals? If so, can the trusts have interestbearing accounts without the trustee providing documentation to prove the identity of the beneficiaries?
Do we have to complete a Reg CC, Notice of Delayed Availability form when opening a new account for a customer? My former bank did not, and my current compliance officer thinks we should be.