e-statement time frame

Posted By: ozzie

e-statement time frame - 12/01/10 08:56 PM

Is there a requirement on the bank's part to remove a customer from receiving their statements by e-mail if they have not opened their e-statements for 6 months to a year. The customer is receiving the e-statments OK they are just not taking the time to open them up. They are using the on-line banking product we have to balance their account. Thanks.
Posted By: Richard Insley

Re: e-statement time frame - 12/01/10 11:29 PM

No.
Posted By: Andy_Z

Re: e-statement time frame - 12/02/10 01:03 AM

The same rule applies as if they were getting paper. You've no idea though if they'd open those, shred them or put them in a shoe box. You've "delivered" them.