Is it OK to pull a ChexSystem report on the authorized signers for a corporation or LLC? Can we deny putting on a signer, or can we not?
When the owner of a DBA dies, are the authorized signers still authorized to sign? The account uses the deceased owner's social security number.
We have a request from a company's board member to review the signature card of the company of which he is a board member; however he is not a signer on the account. As a board member, does he have a right to review the signature card?
With regard to a recent question concerning the screening of signers on a business acount through ChexSystems, would signers on a consumer account also need to give written permission before we could pull a consumer report?
When opening a business account and there are several signers, is it necessary to get information on all the signers or just one signer?
What powers do the authorized signers have on a checking account?
Can authorized signers of non-profit organization accounts have debit cards?
Can a financial institution dictate when a business can change signers on an account (i.e. mid-term on a CD) or is that solely at the discretion of the business?
What can authorized signers on an account do? Can they close the account, cash checks that are not drawn off our bank or change information such as the address or phone number?
When issuing a corporate check is there any clear ruling as to who is authorized to sign? Bylaws state that the CFO can sign. Can this be delegated to other employees?