False Alarm As Citi Warns Of Old Policy

Aspan, Maria
March 2010
American Banker;3/4/2010, Vol. 175 Issue 34, p1
Trade Publication
The article focuses on a disclosure to checking account customers from Citigroup Inc. about the bank's right to delay access to their funds for seven days. The reason why and the way Citigroup notified consumers about a decades-old policy are discussed. The ineligibility of negotiable order of withdrawal or NOW accounts for the Transaction Account Guarantee program is mentioned.


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