Skip to content
GeoDataVision
Thread Options
#1520659 - 03/11/11 04:06 PM CD's
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
currently we offer only offer passbooks for cd's
im in the process of setting up paper certificates for cd's, how often do we need to mail stmts for customers who have a paper certificate rather than a book?
Thanks in advance for anyone's help!!

Return to Top
Deposits and Payments
#1520661 - 03/11/11 04:09 PM Re: CD's LisaL
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
There is no statement requirement for time deposits regardless of whether they are represented by a book or a certificate.

Since you are going into this for the first time, consider using "book entry" time deposits; i.e. no certificate, just a receipt. The "certificate" is a tribute to a bygone era; it was not a legal necessity then and it is not a necessity now.

Assuming you use a forms vendor, ask them to show you what it might look like.

_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

Return to Top
#1520701 - 03/11/11 04:52 PM Re: CD's Elwood P. Dowd
LisaL Offline
Junior Member
Joined: Oct 2008
Posts: 35
Good Idea
thanks so much for your help :-)

Return to Top

Moderator:  John Burnett