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#1473391 - 11/29/10 09:10 PM Releasing of bank information to Bookkeeper, etc.
Playin 88-Keys Offline
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Playin 88-Keys
Joined: Aug 2009
Posts: 20
Riding along the Coast
I need some guidance on a customer who wishes to have his bookkeeper and his office manager be able to contact our bank and retrieve both Business and Personal Account information. He does not want to put them on the account as a "Convenience Signer". How should we handle this request? Are we in compliance if we simply obtain something in writing from the customer? Any suggestions?
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Any feedback is soley based on my experience and do not reflect that of my employer.

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Operations Compliance
#1473421 - 11/29/10 09:33 PM Re: Releasing of bank information to Bookkeeper, etc. Playin 88-Keys
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
I would require a business resolution documenting the individual has been given access by the appropriate governing authority (board for corporation, etc.) to have full and total access to all account information.
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Life without Jesus is like an unsharpened pencil - it has no point.

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#1473644 - 11/30/10 03:32 PM Re: Releasing of bank information to Bookkeeper, etc. BrendaC
dottiec Offline
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Joined: Jul 2007
Posts: 305
We require a letter from the business owner stating who may have access to what information and we require a PIN number for each party.
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#1473672 - 11/30/10 03:59 PM Re: Releasing of bank information to Bookkeeper, etc. dottiec
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
Whether a letter will suffice depends entirely on the type of business entity. A letter from the president of the corporation will not protect your bank at all if he hasn't been granted such authority by the Board of Directors, but it will work fine for a sole proprietor.
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Life without Jesus is like an unsharpened pencil - it has no point.

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