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#2102609 - 10/11/16 08:21 PM REG D EXCESSIVE WITHDRAWALS
Banker23 Offline
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Joined: Mar 2013
Posts: 17
Is there any requirement that a bank must charge an excessive withdrawal fee on a savings account as long as they are monitoring per Reg D requirements?

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Operations Compliance
#2102611 - 10/11/16 08:37 PM Re: REG D EXCESSIVE WITHDRAWALS Banker23
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,336
Cape Cod
No. The requirement is that you rein in errant customers and keep the instance of excessive transfers under control. Fees may be part of your program for doing that, but they can't be the only part.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8

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