What happens if a bank sends two warning letters for excessive transactions of a savings account, Reg D, but the bank does not follow thru and allows the account to continue excessive transfers. (the account has a balance of $125K)
Why can corporations have money market accounts but not NOW accounts?
How soon can a client open another savings after we close the current account due to Reg D violations?
Are transfers from one business savings account to another business savings account at the same financial institution limited to six if the transfers are not done in person, by mail, by ATM or by messenger?
One of my banks just realized that the Reg DD disclosure for their savings accounts has stated that the interest is compounded monthly when in reality it is compounding quarterly. That disclosure has been corrected but does the bank owe restitution to all savings customers?
If we offer savings accounts for minors with no service charge/maintenance fee, are we allowed to assess a dormant fee for inactivity?
What are the purposes of custodial accounts and what different types are there?
Are there any specific regulations when closing checking and savings accounts in a US Bank by a UK resident?
Is there an age limit for minors who can open an account in just their name?
Are UMTA account's only savings accounts? Why?