Skip to content

Charitable Contributions

Answered by: 

Question: 
We are offering customers a new checking account that will pay $50 to a well-known chartiy, upon opening with direct deposit. Thereafter, we will pay the charity $.05 per check card transaction. Are these charitable contributions considered a bonus under Reg DD?
Answer: 

No - They are not going to the customer.

First published on BankersOnline.com 2/23/09

First published on 02/23/2009

Filed under: 
Filed under operations as: 

Search Topics