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Is a discount coupon a bonus?

If we offer a discount coupon from a local business to a consumer opening a checking account, is that considered a bonus under Truth in Savings?

No. You’re free to do this. The Commentary under 1030.2(f) states: items that are not a bonus include discount coupons for goods or services at restaurants or stores.

Learn more about Andy Zavoina’s webinar Advertising – Dun Right

First published on 09/01/2019

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