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#1960789 - 09/10/14 04:26 PM Bank's Rights regarding early withdrawal requests
amberleigh Offline
Junior Member
Joined: May 2011
Posts: 34
Kansas
Does the bank have the right to not "consent" to a request for an early withdrawal from a CD? Our terms state, "If we consent to a request for a withdral that is otherwise not permitted you may have to pay a penalty." Does this mean we could refuse a request for an early withdrawal and if so, does anyone know where in the regulations it says we can do this?

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#1960823 - 09/10/14 05:05 PM Re: Bank's Rights regarding early withdrawal requests amberleigh
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,625
Galveston, TX
Yes. It is not a regulation, it is based on your contract.
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