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#2278409 - 12/02/22 04:09 PM New Money
mnbanker09 Offline
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Joined: Jan 2018
Posts: 128
Can we market a new deposit product that is available only for new deposit dollars to the bank? Suggestions on how to properly disclose?

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Deposits and Payments
#2278419 - 12/02/22 05:52 PM Re: New Money mnbanker09
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Can you? Sure. Just make sure you carefully disclose what you mean by new money. You need to judge the blowback from your existing customers and make sure you make no exceptions due to the new fair banking initiatives.
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#2278661 - 12/09/22 07:29 PM Re: New Money mnbanker09
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,754
On the Net
https://account.chase.com/consumer/...YYw5Y90RbkaAk7iEALw_wcB&gclsrc=aw.ds

One example, you can find others. "Offer not available to existing Chase checking customers, or those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years..."
Last edited by Andy_Z; 12/13/22 01:07 PM.
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