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#2184026 - 07/03/18 07:30 PM Minimum Opening Deposit-change
Bec Offline
Diamond Poster
Bec
Joined: Jul 2010
Posts: 1,114
The Great White North
Your TISA disclosure indicates that $50 is the minimum deposit to open the account. Your marketing materials, brochures, and rate sheets disclose that there is no minimum deposit to open the account. Say you would like to make those match up and show the minimum deposit to open accounts is $50 on your marketing materials, brochures, and rate sheets...do you have to give any sort of advance notification? My thought is no, because you are not changing anything that is adversely impacting the APY.
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Go Packers

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Deposits and Payments
#2184037 - 07/03/18 07:47 PM Re: Minimum Opening Deposit-change Bec
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
I agree. You're TISA disclosures are the "controlling" document. They should be right. Marketing materials are not disclosures. Change them ASAP.
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David Dickinson
http://www.bankerscompliance.com

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