In a business account with two signers and two debit cards, can either one of the signers sign a claim on the other signer's card?
We have an organization that just recently changed signers. They have included the meeting minutes which specifies to remove the old signer but do not specify whoever the new signers should be. They did attach an Entity Authorization. Is the Entity Authorization enough for us to change signers
or does it have to be specifically addressed in the minutes?
Question: If a customer has an HSA with a single coverage HDHP plan, should we allow a spouse or dependent be an authorized signer on the account?
How many convenience signers can there be added to a personal/individual account?
Does an Attorney in Fact or a Guardian have to sign a signature card to be able to act on an account?
If there is only one signer on a corporate account and he passes away, can the corporation's board of directors appoint a new signer?
I have been instructed to obtain a "Secretary Signature" on all Business Checking accounts. Is this the law? Many accounts today do not have Secretary's. Please advise if this is a Compliance mandated requirement or an Operations Requirement or neither.
On an estate account, to place an New Account hold, do all customers have to be less than 30 days with the bank? Will the Reg apply to all customers (executor, auth. signer, etc.) on the account or just owners?
Can you run the name of an authorized signed on a business account through ChexSystems without obtaining approval? Or is the fact that he/she signed the signature card for the business account sufficient authorization?