Is there a ruling on authorized signers on individual accts. What liability does the Bank have regarding an authorized signer. We currently allow one authorized signer per acct. We do not order them debit cards or checks with their names on them, as they can be removed by the owner at anytime. Our signature card says they cannot change beneficiaries or title of the account and the funds in the account do not pass to the authorized signer at death of the owner. Some joint owners want authorized signers on their accounts and some individuals want more than one authorized signer. What is the correct ruling. This is not applying to Business Accounts....

Unless your state law has something to say on the question (some states have specific laws addressing "convenience signers" or "authorized signers"), it's generally up to the bank to set up its own restrictions.

One restriction I do recommend: for a joint account, any authorized signer that is not an attorney-in-fact for one of the owners must be approved by all joint owners. And if an attorney-in-fact for one of the owners has to be added, I recommend a procedure that notifies all owners of the addition.