Good day.
We are in the process of implementing full suspension of Reg. D excess transaction limitations, including the charging of fees. For those banks that have decided to suspend, are you communicating this to your customers? We know it is not required to contact customers; however, some feel failing to let customers know they now can freely transfer funds without restriction could be an issue (i.e. potential legal customer harm) since they have always been told they cannot. I have searched BOL threads, but have not seen any thoughts on this. Thank you for any insight.