When we have a customer who exceeds the transaction limitations on a savings account due to online transfers, we restrict him from online banking. If he also has a sweep set up for overdraft protection, we do not remove the sweep, since this is not what put him over the transaction limit. Is this a violation of the Reg? Should we restrict him from online banking as well as remove the overdraft protection sweep?
When we receive a check back as "uncollected hold", send it through for the second time, and receive it back again for "NSF", do we have the option of sending the check through again or is it done?
How many times can a check be deposited and returned NSF before it becomes non negotiable?
What is the time limit for a forged endorsement claim on Treasury checks? I know it used to be seven years, but has it changed?
Can an LLC have a NOW account?
What is the difference in a Money-Market account and a NOW account?
I am a retired banker and I've been asked this question before. My bank requires that I write my account number on the back of a check when I am cashing it. This check is drawn on another bank. With the privacy acts and such, can they require this information? I didn't agree with it when I worked at the bank and I don't agree now.
Why is the Federal Reserve holiday schedule applicable to state banks? Can a bank stay open on one of those holidays if it desires?
Does a government check have an expiration date, or are they good forever?
Is there a specific amount of times when Reg D is violated that the account should be closed or transferred to a transaction account?