What a bullshit C&D. The mark is for "SAFE-TO-SPEND", including the hyphens. The bank is using safe to spend without the hyphens. The version without the hyphens is descriptive and almost certainly not actually trademarkable.<p>It's a scare tactic, that's all.
I don't believe this is a legitimate trademark under US trademark law. A simple description of a process is not protectable, as I understand it (this from being in a dispute and consequently reading a bunch of examiner filings.)<p>Money that is unencumbered is "safe to spend" and thus this is a phrase that describes a common industry state.