Skip to content

Can We Require E-Statements or None?

Answered by: 

We have accounts that have debit cards. Can we still make a requirement that restricts paper statements from being delivered? Can we make it a requirement to have e-statement or none?

You can certainly have a product that does not have an option for paper statements. You have to make that fact clear in your pre-consent E-SIGN disclosures that paper statements are not available and that if the customer wants paper statements, he will have to switch to a different account type. You cannot, however, have an account that has electronic transfers and not have any statement at all.

First published on 1/03/11

First published on 01/03/2011

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics