Existing deposit accounts, correct.
New deposit accounts, OK, except it's not a bonus under Reg DD any more than it would be for an established account. The $50 is not being paid for opening, maintaining, renewing, or increasing an account or balance. It's being paid for use of the auto transfer service.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8