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#2255300 - 06/15/21 02:40 PM Bank's Change of Address
YHWB Offline
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Joined: Apr 2005
Posts: 634
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The bank's mailing address is changing. How much notice to the customers is required?

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#2255315 - 06/15/21 04:07 PM Re: Bank's Change of Address YHWB
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
A lot and multiple notices depending on what people are used to mailing to that address. I am not sure if there is a correct answer.
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#2255322 - 06/15/21 05:13 PM Re: Bank's Change of Address YHWB
HappyGilmore Offline
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Posts: 19,844
Pulling people out of the ditc...
best place to start is your state banking division or your regulator. they will query you as to what is received at the address of record by way of mail and guide you from there.
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#2255374 - 06/16/21 01:36 PM Re: Bank's Change of Address YHWB
YHWB Offline
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Joined: Apr 2005
Posts: 634
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If you apply some liberal interpretation to the definitions, it appears Reg DD would require 30 calendar days and Reg Z 45. Does anyone have experience in changing the mailing address for a bank?

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#2255377 - 06/16/21 01:41 PM Re: Bank's Change of Address YHWB
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
It really comes down to what gets mailed to that address. Do you have coupon books and what not out there with the old address on them? How much mail are you talking about. Why is the address changing. What sort of forwarding potential is there going to be available and how long will it last? I do not think this is a one size fits all question.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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