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#2117420 - 02/08/17 02:27 PM Disclosing MMA Restrictions in Advertisement
TryingtoComply Offline
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Joined: Apr 2013
Posts: 2,210
The West
I'm reviewing an ad for a money market account. What is the best way to disclose the transaction limitations without being too wordy?

For example, is this sufficient?

"Federal Regulation D limits certain types of withdrawals and transfers made from a money market account to a combined total of six per account cycle."
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General Discussion
#2117443 - 02/08/17 03:22 PM Re: Disclosing MMA Restrictions in Advertisement TryingtoComply
Rocky P Offline
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Joined: Jun 2003
Posts: 7,655
Florida
TTC, there are many examples on-line, especially for the internet banks.
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#2117449 - 02/08/17 03:33 PM Re: Disclosing MMA Restrictions in Advertisement TryingtoComply
TryingtoComply Offline
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Joined: Apr 2013
Posts: 2,210
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Yes, I've looked at many. However, I'm trying to determine what is sufficient so that I can keep the ad to a minimum number of words.
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#2117588 - 02/08/17 10:24 PM Re: Disclosing MMA Restrictions in Advertisement TryingtoComply
TryingtoComply Offline
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Joined: Apr 2013
Posts: 2,210
The West
Here's a good article on micro deposits and smurfing.

[url=http://http://www.bankingny.com/portal/Features/tabid/71/newsid413/90/Default.aspx][/url] http://www.bankingny.com/portal/Features/tabid/71/newsid413/90/Default.aspx
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#2117925 - 02/13/17 11:16 AM Re: Disclosing MMA Restrictions in Advertisement TryingtoComply
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Why do you think you must disclose transaction limitations in an advertisement?
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#2117954 - 02/13/17 03:49 PM Re: Disclosing MMA Restrictions in Advertisement TryingtoComply
TryingtoComply Offline
Diamond Poster
Joined: Apr 2013
Posts: 2,210
The West
I was under the impression that if you mentioned anything about withdrawals that you needed to disclose transaction limitations. I noted that when I reviewed some online ads that the transaction limitations were disclosed.
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