Posted By: La. Lady
Authorized Signers? - 10/27/03 06:03 PM
I've just had a discussion with an employee on authorized signers on a Certificate of Deposit. She claims that they "have always" had authorized signers on these accounts. These signers are able to renew the certificate for whatever length of time they wish. They are not allowed to withdraw funds.
I have never heard of such a thing. To me a Certificate of Deposit belongs to the actual owners. There may be beneficiaries such as on POD, but to have someone as an authorized signer?????????????????
Am I missing something?
Is there such a thing?
I have never heard of such a thing. To me a Certificate of Deposit belongs to the actual owners. There may be beneficiaries such as on POD, but to have someone as an authorized signer?????????????????
Am I missing something?
Is there such a thing?