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#1800731 - 04/02/13 09:53 PM Signature Card
Dodge Offline
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Joined: Mar 2010
Posts: 241
I'm new to BSA and I want to verify if it is required to to state the customer initial deposit and source of deposit on the customer's signature card when opening a new account. Also, there is a field for Employer does it need to be include on the signature card for BSA.

After reading the customer due diligence section in FFIEC Manual, I would think so but I would appreciate verification.

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#1800741 - 04/02/13 10:40 PM Re: Signature Card Dodge
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,620
Galveston, TX
Required - no. Part of your customer due diligence process, that is really up to you.
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#1800766 - 04/03/13 10:33 AM Re: Signature Card Dodge
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Required: No. However, if your bank purchases forms that request information and employees can decide not to obtain the information they elicit I think you could and should expect regulatory criticism. Either collect the information or change the form.
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