No. Consider that the customer already knows what you'd be disclosing to him or her. And, to take it a step further, if the request was in fact temporary, and the agreement was that it would revert to the old limit two weeks later (or on an agreed date), you would not need to make a disclosure of that decrease. You might consider doing it as a courtesy (Mr. Jones, as we agreed, the temporary increase of your daily debit card purchase limit to $5,000 will end next Tuesday. This is just a reminder that it will revert to $1,500 at that time.) Since it's not required, it could even be given by telephone -- just make sure you're talking to Mr. Jones-- don't leave the information in a message.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8