I'd have to see the promotion. Why don't you call the other bank's compliance officer?
I don't know that I'd agree that a bonus of this size can be paid on a true checking account, just because it was maintained in a "good standing." Is it a checking account (which cannot receive interest) or a NOW in disguise?
And tell your Marketing folks that just because someone else is doing it, doesn't make it right. You need more info, and that doesn't mean they're OK in what they're doing.
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AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell