Can the implementation of an imaging system streamline the new accounts process?
Are Health Savings Accounts tied to debit cards covered by Reg E?
We process electronic payments, both debit and credit transactions. When we sign customers up, are there any rules or regulations that prevent us from only allowing checking accounts to be used or do we have to disclose you may use either a checking or savings account?
Can you do an ATM transfer from checking to savings at an ATM that isn't the cardholder's bank?
We accept ACH debits from our savings accounts. When one comes in that is "NSF" can we charge an "NSF" fee if we properly disclose it on our account charges?
How do most banks determine the savings accounts that have EFT or ACH withdrawals? Do they manually check the savings account for activity? My question is how do they know what savings accounts they need to drop a monthly statement for Reg purposes as opposed to Quarterly statements?
We are just starting internet banking and our customers will have the capability to transfer funds from one account to another. Where do we stand with withdrawal limits with on-line transfers when we have savings accounts and Money Fund accounts? Are these calculated like telephone transfers?
We post periodic statements on our web site instead of emailing them. Do we have to email customers each time the statements are posted and tell them they have been posted? If they have more than one account with us do we have to send multiple emails?
Can we offer debit cards to savings accounts customers? We would assume they would fall under Reg D. We are considering doing away with ATM cards