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?
Based on the change to Texas law Sec. 506.001. CONCEALED HANDGUN LICENSE AS VALID PROOF OF IDENTIFICATION.
(a) A person may not deny the holder of a concealed handgun license issued under Subchapter H, Chapter 4l l, Government Code, access to goods, services, or facilities, except as provided by Section 52l.460,Transportation Code, or in regard to the operation of a motor vehicle, because the holder has, or presents, a concealed handgun license rather than a driver's license or other acceptable form of personal identification.
Does this mean that community banks must accept the concealed handgun license as a primary form of identification? Or can we use it as secondary to other identification and still be within the law?
If an applicant for an account passes all the BSA and CIP qualifications (ID verification, chexsystems, credit report) to open an account, yet the bank employee has an uneasy feeling or is suspicious of their intentions, are we able to decline the applicant for the account? If not, what options do we have to protect the institution from a loss? If so, what should we provide as the reason for the decline on the notice of action letter?
Can either owner of a joint checking account add a third person on their own authority alone?
How are dormant accounts impacted by paper files?