Learn More - Click Here!

Thread Options
#2247338 - 01/07/21 08:26 PM Closing an Account
corporate audit Offline
Junior Member
Joined: May 2008
Posts: 31
Are there any regulations or laws that address when funds must be sent to customer once the customer has requested to have their account closed? (i.e. how many days)

Return to Top
Operations Compliance
#2247347 - 01/07/21 09:44 PM Re: Closing an Account corporate audit
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,632
Galveston, TX
Why would you delay, unless you thought that some very recent deposit might be coming back or some other fraud is involved.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2247478 - 01/11/21 07:18 PM Re: Closing an Account corporate audit
corporate audit Offline
Junior Member
Joined: May 2008
Posts: 31
Due to being a manual process it sometimes takes several days to process the closure. Just want to make sure there is no regulatory requirement that addresses the return of the funds.

Return to Top

Moderator:  Andy_Z, John Burnett