Most Popular Compliance Content
LLC w/Series But Not Separate EIN
07/22/2018
Can an LLC with a Series that does not have a separate EIN be linked to the account as an assumed name (DBA)? We have an LLC customer that does have a Series without an EIN. The customer wants the Series attached to the checking account as an assumed name. I was told years ago that an LLC that has a Series would either have the Series with its own EIN and linked to the account as primary without the LLC name, or the Series would be added as a subtitle on the account and not linked as a DBA.
Monthly Statement to Passbook Savings Customers
07/22/2018
Do we have to send a monthly statement to passbook savings customers who have external deposits to the account?
Beneficiary for LLC account
07/22/2018
Can an LLC have a Pay on Death beneficiary?ken
LEIs or not?
07/22/2018
What is an LEI? Do we have to use it to establish beneficial ownership certification?
AA Required if Bank Force Closes Checking Acct?
07/22/2018
Is an adverse action required to send to a customer if the bank force closes the customer's checking account?
