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#1756450 - 11/08/12 05:42 PM Signature Cards
Cale_N_Oats Offline
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Cale_N_Oats
Joined: Aug 2008
Posts: 742
Southern Illinois
Are signature cards for deposit accounts required or are we just required to verify the customers identity? They will still be signing the account opening documents.
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#1757101 - 11/10/12 09:21 AM Re: Signature Cards Cale_N_Oats
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,912
Galveston, TX
It really all depends on your account opening documentation set-up. Most standard formats use the signature card for several purposes: 1) a signature specimen and 2) the signature represents the customer agreement to the depositor's contract and acknowledges the receipt of the various disclosures. Your legal counsel should be consulted.
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