1. The November entitlement, paid on December 1, was not earned because the beneficiary did not survive the month of November.
2. Regardless of the purpose of the withdrawal, the limited liability provisions in the reclamation rules make the bank liable for an amount equal to the amount of benefits received within 45 days of the date of death.
Review the Green Book pages on Reclamation.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8