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#2199232 - 11/27/18 11:55 PM Telephonic transfers
Anonymous
Unregistered

If a customer calls and has the bank employee do a transfer is that considered a telephonic call counting against reg d limit?

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#2199234 - 11/28/18 12:24 AM Re: Telephonic transfers Anonymous
CULady Offline
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Joined: Sep 2007
Posts: 493
WA
Yes.

I always heard it referred to it as the "Rear Rule." If you have to get off your rear to do it, then it isn't Reg D. For example, ATM or going to a teller line. But calling in on the phone would be considered a Reg D transaction, even if a teller performs the transaction.

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#2199235 - 11/28/18 12:39 AM Re: Telephonic transfers CULady
Anonymous
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Lol thanks

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#2199240 - 11/28/18 01:06 PM Re: Telephonic transfers Anonymous
Skittles Offline
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Joined: Sep 2002
Posts: 13,958
TN
CULady - I heard the same thing; however it was called the 'Seat of Your Pants' rule.
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#2199837 - 12/05/18 03:54 AM Re: Telephonic transfers Anonymous
SMQ, CRCM Offline

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Joined: Apr 2001
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Between the lines
We had "cheeks in the chair" rule grin
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