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#1391142 - 05/14/10 03:17 PM Opening account under
sb1 Offline
100 Club
Joined: Jan 2006
Posts: 133
Is it possible for a non-profit corporation to allow use of their name and federal ID # for someone to open an account here locally under that name and federal id #? We have someone who wants to open a checking account here locally and use the corporate name and their federal ID #. Wouldn't you have to get some type of written authorization from the non-profit corporation for the local entity that wants to open the account under their name and ID #?

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#1391144 - 05/14/10 03:20 PM Re: Opening account under sb1
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
You need to follow your normal CIP obtaining resolutions, etc. authorizing parties to open an account, naming signers, etc.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
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