If a person is deceased, can we deposit a check made out to that persons Trust in one of his other accounts that is in a joint name with the deceased and the successor trustee of his trust, or how does this item get cashed?
Can a POS transaction be returned for insufficient funds and charged an overdraft fee if our bank does not offer overdraft protection? Would there be a benefit for a customer to "Opt In" if we continue to not offer overdraft protection?
Are there any Regs that pertain to an incapacitated member who does not have any guardian: is a power of attorney acceptable? If not, then what are we to do before allowing someone else (such as a relative) to manage the member’s accounts?
Will my community bank be required to re-architect our existing systems to comply with data protection and privacy laws?
As it pertains to the Beneficial Ownership Rule, we have a municipality that wants to open an escrow account for a business. The business is an LLC, but the municipality is in charge of the funds. For BSA purposes, do we need to obtain all the normal documents for the LLC including all info on owners? How in depth do we need to dig for this? In this case the LLC is not an existing customer of the bank.