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What Is a Note Notice?

Malcolm Tatum
Updated May 17, 2024
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A note notice is a type of notification that a financial institution sends to a client indicating that a financial security or note has reached its maturity date and is available for cashing in or rolling into some other investment opportunity. While the particulars of the notice will vary based on local custom and any governmental regulations that may apply, data such as the name of the security or note along with the amount due and the maturity date will be included. Information regarding how long the recipient has to respond is also often part of the detail found in a note notice.

One of the more common examples of a note notice is the formal notification that a bank will send to a customer when his or her certificate of deposit or CD is nearing maturity. The notice will often provide a breakdown of the principal and the interest accrued as of the maturity date. The client can use that data to notify the bank of the intention to renew the CD, roll the principal and interest into another investment account, or to cash in the CD.

Most institutions that make use of the note notice to alert customers to the upcoming maturity of a security have specific guidelines for the notification. This will include the format for the document as well as an outline of the information that is provided within the body of the notice. Most institutions will attempt to prepare and send the note notice by post at least ten business days prior to the maturity date. This provides the recipient with time to consider the various options for using the balance of the note for reinvestment or even diverting the balance into a checking account.

In many nations, banking laws allow the institution to take specific action with the security should the investor fail to take some action on or near the maturity date. This action is often noted in the text of the note notice so the recipient is aware of what is likely to happen if he or she does not take some action within the allowed time frame. For example, if the note in question is a certificate of deposit and the customer has not indicated what he or she wishes to do with the balance by a certain date, the bank may simply renew the CD for a specified period of time, or cash in the CD and deposit the balance in the customer’s checking or savings account.

WiseGEEK is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum , Writer
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including WiseGEEK, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.

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Malcolm Tatum

Malcolm Tatum


Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
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