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#743501 - 05/31/07 05:04 PM Estatement & joint accounts
SSmith7731 Offline
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Joined: Jan 2007
Posts: 3
Can one party of a joint account authorize e statements?

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eBanking / Technology
#743608 - 05/31/07 05:51 PM Re: Estatement & joint accounts SSmith7731
RebekahL CRCM Offline
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RebekahL CRCM
Joined: Feb 2003
Posts: 776
Big Sky Country
Sure! One account owner can solely do just about anything on joint accounts, no? Like withdraw funds, change the address, change the account type, close the account, etc. Signing up for e-statements would be nothing different. (If you are talking about an authorized signer, however, things are different -- they don't OWN the account, of course.)

As a side note, the compliance requirements for e-statements exist because of the disclosures included on statements. For those disclosures (like error resolution procedures), the applicable regulations say notice to one account holder is sufficient, whether the delivery is paper or electronic.
Me, Type A? Maybe - I'm not done analyzing it yet.

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