05/28/2007
One of our customers with an individual account and no authorized signers is having his girlfriend's payroll direct deposited into his account. How do we monitor this to keep it from happening on other accounts? Also, how should we handle any more of her deposits into this account?
05/14/2007
When opening a new business account, also a new bank relationship, are we required to get the authorized signer's social security number if the person refuses to give it to us? Does the Patriot Act apply to this at all?
01/02/2007
What forms of secondary ID are the regulators looking for? Also, is it recommended to have two forms of ID for authorized signers on a corporate account?
11/13/2006
Can a corporate checking account have an ATM or debit card issued to the account signers as established in the corporate resolution?
09/11/2006
Can there be more than one authorized signer on a personal checking account?
08/14/2006
I am looking for a master signature card, one that will suffice for numerous accounts open for the same entity and only needs to change when officers or authorized signers of the account change. This eliminates having a signature for each account opened by the same entity. Do you know where I might find a sample or where I might order one?
03/20/2006
I need some help with Business accounts and ODP's. I took the web seminar on Overdraft Marketing and Policies in June. The speakers briefly touched on ODP's and business accounts (that if we offer it on business accounts we need to make sure that the resolution for Corporations and Partnerships state that the authorized signers are able to borrow money, and just because they have the authority to sign a check does not give them the authority to borrow money). I was trying to explain this to our marketing person and our CEO. Please explain the difference between why we need this for business and not for consumers, and does the above recommendation apply for sole proprietors, POA, and Trust accounts?
03/13/2006
Should authorized signers be allowed to obtain account information on the account on which they are an authorized signer? (Example: Account Balance, etc.)
11/21/2005
Can sole proprietorship checking accounts have authorized signers on the account? If so, can the authorized signer be other than a spouse?
02/21/2005
What type of supporting documentation is required to open a joint venture account? We have an EIN number; do we need a partnership agreement or a joint venture agreement?