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TISA Disclosures

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Question: 
When giving a gift card for opening a checking account, other than the requirements of what needs to be in the advertisement, do we have to disclose this on the TISA disclosures too?
Answer: 

Yes.

230.4(b) (7) Bonuses. The amount or type of any bonus, when the bonus will be provided, and any minimum balance and time requirements to obtain the bonus.

First published on BankersOnline.com 4/20/09

First published on 04/20/2009

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