Answer:
Answer by Richard Insley: I doubt the law addresses this one way or another. Review your deposit account contract to see what you've contracted to do.
Answer:
Answer by Andy Zavoina: If it is a savings account, you have already required a seven day advance notice of withdrawal. You need not use it all, but explain to the customer the security risks and the need for planning on their part. It sounds like with two days notice they have done this, in part anyway.
I see no reason to refuse a customers request to withdraw their funds, so long as you have a reasonable time to meet the demand and have the cash.
First published on BankersOnline.com 1/30/06
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