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#1818132 - 05/29/13 03:11 PM Offisite account opening-Branch?
mll Offline
100 Club
Joined: May 2010
Posts: 131
We would like to open accounts offsite. We don't have to be concerned with the location being seen as a "branch" do we? There would be no money paid out/back to customers, just acceptance of an opening deposit. No cash or checks will be accepted either.

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Operations Compliance
#1818135 - 05/29/13 03:16 PM Re: Offisite account opening-Branch? mll
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
How will you accept an opening deposit if no checks or cash will be accepted?
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
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www.kaybeescomplianceinsights.com

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#1818210 - 05/29/13 04:47 PM Re: Offisite account opening-Branch? Kathleen O. Blanchard
mll Offline
100 Club
Joined: May 2010
Posts: 131
Funds from prepaid cards and opening with a zero balance while direct deposit is set up. Just curious, does it matter how the accounts are funded in determining if it's a branch?

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