Skip to content

Printing Acct. Statements for Deceased Customers

Answered by: 

We occasionally have customers that have passed away and have no beneficiaries on the account. Do we have to continue to print their account statements monthly or can we change it to print annually?

State law and your procedures for handling returned mail may affect how soon you can suspend generating statements. Also, don't forget that there should not be any EFT activity in such an account, and that should give you an "out" under the Reg E statement requirements.

First published on 09/15/2019

Filed under: 
Filed under compliance as: 

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