Our mortgage dept wants to provide an incentive to a loan customer where the loan closes. If they have an DDA account with us and an automatic draft for the payment is done - we will deposit a specified amount into their checking account after the loan has closed.

To me the best way to handle this is to give a credit towards closing costs.

I did not think we could require them to have a DDA with us or require an auto draft of the payment.....

As always, guidance and input is appreacited.