Do I need this?
This must be signed prior to other disclosures if the customer is going to use the signature pad.
What is the eConsent Disclsoure?
Examples include debit card transactions, P2P, and ACH.
What are considered electronic transfers under Reg E?
These are outlined on the left side of the Fee Schedule?
What are account monthly service charges?
Provides consumers with transparency about their account in a succinct manner?
What is Truth in Savings?
This disclosure is only relevant to the specific transaction being processed when a customer uses the signature pad.
What is the eConsent Disclosure?
This disclosure is required for customers who will be using a debit card.
What is the Electronic Funds Transfer Disclosure?
These factors determine what sections may be included in various disclosures including the Account Agreement and the Truth in Savings Disclosure?
What are the account and ownership types?
This is assessed when a customer closes their CD before the maturity date.
What is an early withdrawal penalty?
This regulation allows the Bank to place a hold on a check for up to 7 days on a new account.
What is Reg CC?
The Truth in Savings disclosure includes both of these interest percentages when applicable?
What are APR and APY?
This must be given for accounts that have a maturity date.
What is a Certificate?
Examples include wire transfers and paper checks.
What are transactions not covered by Reg E?
Examples include check cashing feeds, early account closing, and statement copies.
What are lesser-known fees?
This regulation stipulates the procedures for addressing disputes on point of sale transactions.
What is Reg E?
The Bank may refuse withdrawals if the customer does not have this document.
What is the Certificate?
Even though it's the same for all accounts, this must be provided with all new accounts because it is referenced by several of the disclosures.
What is the Fee Schedule?
This section will be included in the Certificate but not in the Truth in Savings. It determines where interest is disbursed.
What is the Interest Payment section?
This can be different for account opening and monthly service fees.
What is minimum required balance?
There is no regulation for this but the Account Agreement helps protect the Bank from these types of penalties.
What is UDAAP?
The Funds Availability Disclosure defines this as 3 pm for ATM and end of business for over the counter.
What is Cut-Off Time?
These disclosures do not need to be given for every new account, but it is highly recommended to do so.
What are the Privacy Policies?
This disclosure may not only have differences in the section headers but also have differences in the content under headers based on account type.
What is the Truth in Savings Disclosure?
If the Fee Schedule and Truth in Savings Disclosure differ at the time of account opening, this will prevail.
What is the lower disclosed fee?
There are two Privacy disclosures because of these two regulations. One is Federal and one is State.
What are GLBA and CCPA?
Though not covered by Reg E, these items follow largely the same dispute process as electronic transactions.
What are Substitute Checks?