Thread Options Tools
#1515957 - 03/01/11 06:34 PM Thank you gift
slrmm530 Offline
Junior Member
Joined: Jun 2006
Posts: 26
We have a member who wants to thank a staff member for doing alot of research for him. He needed information on 5 years of wire transfers that he had sent. He wants to give her a gift card to a local restaurant. The work has already been done. Don't sure how to handle. Any thoughts?

Return to Top
General Discussion
#1515975 - 03/01/11 06:59 PM Re: Thank you gift slrmm530
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,710
Bloomington, IN
It should be addressed in your employee handbook.

Our policy prohibits employees from accepting gifts for performing their related duties as an employee of the bank.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1515993 - 03/01/11 07:14 PM Re: Thank you gift Dan Persfull
slrmm530 Offline
Junior Member
Joined: Jun 2006
Posts: 26
Do you chance mailing the gift card back to them? He is on assignment in China for the next few years.

Return to Top
#1516012 - 03/01/11 07:31 PM Re: Thank you gift slrmm530
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,710
Bloomington, IN
That would be a call for HR and the Pres to make.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1516015 - 03/01/11 07:38 PM Re: Thank you gift slrmm530
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Banks have different policies on this. Some allow gifts up to $25 or $50 (or even $100) for example, but they must be reported.

In a situation where it might offend the customer if a valuable gift was to be returned, the gift might be used "in general" by the bank. Perhaps for the use of the whole department, considered bank property and displayed (in the case of some china, or such type of gift), shared (food), and so forth.

Your bank should establish a policy - this would be a good time.
_________________________
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

Return to Top
#1516229 - 03/02/11 02:21 PM Re: Thank you gift Kathleen O. Blanchard
Bob The Banker Offline
Platinum Poster
Bob The Banker
Joined: May 2010
Posts: 958
We are not allowed to accept gifts at all. However, the branches do accept gifts of food typically, such as a local restaurant brings the staff some complementary clam cakes, or some customers bake cookies for the staff near Christmas time.

Return to Top