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Required Information on Savings Statement

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Question: 
What information has to be disclosed on the back of a savings statement?
Answer: 

I am not aware of any information that has to be disclosed on the back of the savings statement. The back of the statement is often used for the Reg E error resolution procedures. This information has to go to the customer annually in long format, or on or with each periodic statement in a slightly shorter version. Many banks have added it to the back of the statement to cover this requirement. However, if you prefer, you could send the long-form error resolution notice in an annual mailing or statement stuffer.

First published on BankersOnline.com 5/2/11

First published on 05/02/2011

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