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CD Closeout

Can the client transfer the close-out funds from a Quontic Certificate of Deposit(CD) into another CD held at a different institution?

October 21, 2022
October 24, 2022
Customer Experience, Standard Operating Procedures, CDs, Closed Account Requests, CDs, Voluntary
CD, Certificate of Deposit, Close CD, CD closeout, CD transfer
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No.

Quontic can only transfer the closeout funds from a CD into a liquid account.

  • Checking
  • Savings
  • Money Market

See CX- All Closeout SOP for close-out procedures

SOP-CX-All-Account-Closure-V-1.0Download