I just opened a new account with a large, mostly online bank. I was told upfront that the account would not be opened until I funded it (there were several ways to accomplish that), and it would be closed and purged it was not opened within 30 days. Apparently, the account sat on the books as "pending open" for three days until my wire transfer arrived. It's a one-year CD, and the maturity date is one year from the date the funds hit the account.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8