Regulatory Alerts2014-06-11
Policy Statement No. 90-1; Courier Services
The Idaho Department of Finance issued Policy Statement No. 90-1 to clarify that state-chartered banks may operate customer courier services for the pickup and delivery of unverified funds. The statement defines these services as distinct from branch banking, noting that receipts issued are for package acceptance rather than deposit confirmation. This determination resolves inquiries regarding the permissibility of such operations under Idaho banking regulations.
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