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#1755838 - 11/07/12 02:29 PM Debit card application
Dsalarey Offline
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Joined: Jul 2011
Posts: 24
Is it necessary to have a customer complete a debit card application for a new card when they have already agreed to the terms and conditions of the account which includes the electronic fund transfers rights and responsibilities?

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eBanking / Technology
#1755848 - 11/07/12 02:41 PM Re: Debit card application [Re: Dsalarey]
rlcarey Online
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Joined: Jul 2001
Posts: 74,775
Galveston, TX
Documentation will be the key whether that is a written application or other record of the request:

1005.5 Issuance of access devices.

(a) Solicited issuance. Except as provided in paragraph (b) of this section, a financial institution may issue an access device to a consumer only:

(1) In response to an oral or written request for the device; or

(2) As a renewal of, or in substitution for, an accepted access device whether issued by the institution or a successor.
The opinions expressed here should not be construed to be those of my employer:

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