In doing a search to see if anyone has addressed the situation where the bank has several different limitation amounts for ATM and debit cards, I came across this old thread. I'm wondering if any of you use a statement like the one in John's post. We have ATM and debit cards that have different limits (e.g., some ATM cards have a $300 daily limit, some have $500, some $600, etc.). Our current Reg E disclosure states the lowest limit, but obviously that's not the limit for everyone. Do we need separate disclosures for every limit? That would be a nightmare, but I'm wondering how else to disclose it. Any suggestions?
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Opinions expressed are mine and not necessarily those of my employer.