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#1800731 - 04/02/13 09:53 PM Signature Card
Dodge Offline
100 Club
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
10K Club
Joined: Jul 2001
Posts: 79,620
Galveston, TX
Required - no. Part of your customer due diligence process, that is really up to you.
The opinions expressed here should not be construed to be those of my employer:

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#1800766 - 04/03/13 10:33 AM Re: Signature Card Dodge
Elwood P. Dowd Offline
10K Club
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.
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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