originally we thought we would open accounts online but then send out a sign. card to obtain a "wet" signature. Now we are thinking about accepting an electronic signature 9I am so throlled!). Is anyone offering online acct opening doing this? I would like to know what special disclosure we need to provide that signififes to the customer that their click on a button represents a signature. How are you reducing the possibility of fraud in this case? If you are doing this and regulators have been by to visit, did they have any recommendations, etc?

Are you going to actually open the account online? We are in the process of setting up loan applications online and we will require the applicant(s) to close in person.

Online account opening (deposit accts) with electronic signature. No signature cards going our for original signature.

We haven't gotten to that point yet, just starting on the lending products!!

We are actually in the process of researching 4 different vendors to use for online account opening. Ideally we would like to have an e signature. We have formed some committees and everyone is looking into different things right now. I don't have an answer for you right now, but if you keep me updated, I'll do the same for you!!!

We are currently reviewing our options as well. One of my initial concerns deals w/ FDIC insurance coverage. Sec. 330.9 states that for qualifying joint accounts, each co-owner must personally sign a deposit account signature card. I have not had an opportunity to review the E-Sign Act yet, but question whether this would be covered.