12/03/2007
We have an LLC that wants to open a deposit account. The members of this LLC are an individual and a different LLC. For example, Candy Shack, LLC wants to open the account and the members are John Do and Sweet Surprise, LLC. What kind of documentation do we need from the Sweet Surprise LLC to allow them to open this account?
11/05/2007
What are the rules governing bank accounts opened by mail? Where can I find this information online?
10/29/2007
What restrictions are placed on opening an account for a nonresident with a H2B visa?
08/06/2007
Are you allowed to open a money market account with a minor as the primary owner? If so, I can assume that we use the minor’s SSN, correct?
06/11/2007
We have a customer who has an account set up as a representative payee. This customer recently received a letter removing his representative and is now receiving SSI checks in his name. Can we simply change the type and title of the existing representative payee account or should a new account be opened? Does this person now have rights to the existing representative account?
06/04/2007
I have a business client that has an LLC account who wants to open a differently named LLC account with the same EIN. The client was told that since this is a one member LLC that this could be done. If so, how do we title the 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?
01/15/2007
We have a client bank located near an Amish community. In the past, they have opened accounts for the Amish without social security numbers. With the current CIP rules, they have stopped opening accounts for new Amish customers. Without a tax ID, is there a way to open an account for the new Amish customers?
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?
11/20/2006
Are we required to have a TIN for an estate account? The account would be non-interest bearing and the executors are arguing that it is not necessary because there will be no interest paid.