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#2207683 - 03/04/19 07:47 PM trust account
Compliance Action Subscriber 1226 Offline
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Joined: Sep 2015
Posts: 198
Received documents for a customer to transfer their accounts to a living trust account using their SS# - they have two checking accounts - one is in their names and the other is in a non interest business account with its own EIN - can the business account be put in a trust or does the business account go away and becomes a trust account and no checks payable to the business account can be accepted in the trust account

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#2207695 - 03/04/19 08:46 PM Re: trust account Compliance Action Subscriber 1226
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
What type of business?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2207707 - 03/04/19 09:17 PM Re: trust account Compliance Action Subscriber 1226
Compliance Action Subscriber 1226 Offline
100 Club
Joined: Sep 2015
Posts: 198
ok, I'm don't know anything about investments or trading -there was an ACH deposit to their account from OANDA Corporation FX Trade and Deposit

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#2207710 - 03/04/19 09:35 PM Re: trust account Compliance Action Subscriber 1226
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
I am confused. What does an ACH deposit have to do with them having a business? Who was the payee on the ACH transaction? That is a foreign exchange trader.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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