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Mailing Address For POD Accounts

GloriaJones
  |     |   1 posts since 2018

Does the FDIC have a regulation which requires that the term POD be included in the statement mailing address?

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me1004
  |     |   1,379 posts since 2010
We had a big discussion about that in another thread maybe six months ago. I wish I could search for it and direct you to that thread.

In the end, it seems it was unclear. It seems it comes down to what your definition of "account title" is. That could be ALL the account materials, or that could be only the "headline" of the account.

I personally now suspect it is the former, all the account materials, so as long as they are listed in there, that meets the requirement -- but I'm not positive, the FDIC and NCUA should put out specific language, a definition of what they mean by "account title."
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hal
  |     |   11 posts since 2012
I no longer will have a "POD" account set-up due to the uncertainty of account title definition. I have talked to FDIC reps and they seem to be very vague.
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