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#2285119 - 05/31/23 07:29 PM Certificate of Deposit as Auction Item
Banker75 Offline
Member
Joined: Sep 2021
Posts: 68
We have branch that would like to provide a $1500 CD with our bank as an auction item for a local charity. Is this allowable?

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Deposits and Payments
#2285127 - 05/31/23 08:02 PM Re: Certificate of Deposit as Auction Item Banker75
BrianC Online
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BrianC
Joined: Nov 2004
Posts: 6,559
Illinois
I would ask legal counsel to determine if this runs afoul of state lottery laws. Why not just be a corporate sponsor and donate $1,500 and be done with it?
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#2285128 - 05/31/23 08:29 PM Re: Certificate of Deposit as Auction Item Banker75
Banker75 Offline
Member
Joined: Sep 2021
Posts: 68
Thank you as I will reach out to them and I am going to offer that as a solution as I would feel better going that route myself.

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