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BankersOnline.com Forums Banker Forums Operations Compliance Reg DD and Closing Dormant Accounts
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#391510 - 07/26/05 04:15 PM Reg DD and Closing Dormant Accounts
Anonymous
Unregistered

Are we required to send a notice to the customer when we close a dormant account or will the monthly statement suffice?

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Operations Compliance
#391511 - 07/26/05 05:02 PM Re: Reg DD and Closing Dormant Accounts
SHORT STUFF Offline
Member
SHORT STUFF
Joined: Feb 2004
Posts: 67
WISCONSIN
All we send is their monthly statement with a zero balance.

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#391512 - 07/27/05 02:59 PM Re: Reg DD and Closing Dormant Accounts
LoisLane Offline
Diamond Poster
LoisLane
Joined: Oct 2001
Posts: 1,570
Wisteria Lane..
Same with us. No letters are sent; their statement shows the zero balance.
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