Deviating from accepted practices
08/19/2018
If we screw up and do something we shouldn’t and the bank suffers a loss, won’t our insurance or bonding company cover it?
Mary Beth Guard is one of the four co-founders of BankersOnline and is now Editor Emeritus, after more than 16 years of serving as Executive Editor. She was instrumental in the creation and expansion of BankersOnline, as well as the launch more than a decade ago of BOL Conferences, Inc. and its continued operation and growth. Mary Beth is also the director of BankCompliance.com, the subscription-based compliance service now being offered online. Also, Mary Beth serves as CEO of Glia Group, Inc., which produces BOL Learning Connect. For nearly four decades, Mary Beth has utilized her background as an attorney to focus on banking industry issues, first as general counsel for the Oklahoma State Banking Department, then as general counsel for the Oklahoma Bankers Association, prior to her work with BankersOnline.
Mary Beth has presented training programs for virtually every major national financial industry association, as well as more than a dozen state bankers associations and a host of other organizations. She is a frequent presenter of webinars and seminars. In addition, Mary Beth has written more than a thousand banking-related articles and is BOL Guru #1.
You can contact Mary Beth via email at mbguard@bankersonline.com or by telephone at (405) 272-1642.
08/19/2018
If we screw up and do something we shouldn’t and the bank suffers a loss, won’t our insurance or bonding company cover it?
08/19/2018
Can Mom and Dad be co-custodians for their baby’s UTMA?
08/12/2018
How should withdrawals from UTMAs be handled? Payable to the minor, payable to the custodian, payable to the UTMA, or does it matter?
08/12/2018
I understand that if we open an account for an identity thief, our bank can end up suffering a loss on the account. Other than that, is there anything to worry about?
08/05/2018
Our customer wrote a post-dated check and it got paid before its date. Don’t you think we should refund the customer?
07/29/2018
Barney and Linda are the sole owners of BarLin, Inc. Since it is their company, why can’t they put the checks payable to the company in their personal account and save a step?
07/22/2018
Dan’s account names his son Rudy as the pay on death beneficiary. Dan is currently very ill, in the hospital. Can we tell Rudy he is on there as POD?
07/22/2018
Can an agent/attorney in fact close an account owned by the principal?
07/15/2018
A father and son wanted to open an account today where two signatures would be required on each check. It’s extra work for them, but does it really matter to us?
07/15/2018
If an agent requests to deposit a check payable to the principal to the agent's own account, is this an automatic red flag?