Are Board of Director committees required per regulation and if so, which ones? If not, what types of board committees are typically held by a financial institution?
If a customer stops payment on a personal money order purchase from the bank and it never comes through for payment, do they get their money back and if so, when?
Do most banks require an 'Affidavit of Guardianship' in addition to Letters of Guardianship?
It has been my understanding that a bank has up to a year to return items in the event the item is altered or the endorsement forged. I have another bank stating that the midnight deadline applies. Could you please provide clarification. I am located in Florida.
Would it be considered co-mingling of funds if a customer is making business related purchases on the personal account?