What technology exists to manage documents for deposit accounts?
Can a customer have a personal account and name an irrevocable trust as a POD?
Our institution is based in Missouri, but we offer an online savings account. We are wondering about what state laws we use for charging dormant/inactive fees to accounts? Missouri Law is that once an account is inactive/dormant for twelve months we can charge a fee up to $5.00 a month. Then after five years of inactivity, the account is considered abandoned and will need to be sent to the State Unclaimed Property department. If a customer from different states opens accounts online with us, do we abide by Missouri Law or the state law which they reside in?
What is the age a minor can have signing authority on a checking or savings account without a parent or guardian on the account with them? This would be mainly for the state of Missouri.
Aren’t all rules for ACH transactions covered in the NACHA Operating Rules and Guidelines?
Does a publicly traded company need to have a CIP filled out for the company and the signers?
I have a customer who wants to set up a benefit account for funereal expenses for a deceased daughter. I know they need to get a TIN but what
else would I need for documentation?
What is a W-8BENE?
If an account is negative do you have the right to set off? For example: if a customer owes for a safe deposit and the payment is due, we take the payment out on a Wednesday knowing they will have a direct deposit on Friday.
Mutilating the MICR line of a check doesn't help in the Check 21 environment. So what do we do to prevent a stopped check from being presented again?