A customer of ours came into the bank and cashed six checks totaling $29K. Some were drawn off of our bank and some were not. When I file the CTR, what account number should I use in Part I, item 22? Should I use the account numbers from each check that was cashed? Should I use the account number of our customer even though none of the checks that were cashed came from her account? Should I leave Item 22 blank?
I am researching how to determine which Fiduciary/Agency accounts meet the pass-through account FDIC coverage requirements. I would like to know what is customary to request from these potential clients, since FDIC requires that certain conditions are met, for example, deposit terms for accounts opened at the financial institution must match the terms the third party agent promised the customer and how the third-party fiduciary disclosed fees and other terms of the relationship to their clients, Custodian maintains name and ownership interest of each depositor and funds are not co mingled, applicable state law, etc. Do financial institutions require additional documentation or an account holder's certification to verify pass-through eligibility? Any information that can assist me in determining how to identify and verify FDIC pass-through coverage would be greatly appreciated.
We currently offer eStatements to our online customers but have a very low adoption rate. We seem to be running into issues with getting customers signed up because we cannot assist them at the bank unless it is on their own device. Being compliant with the E-Sign Act says the customer must "reasonably demonstrate that they can access information in the electronic form that will be used to provide the information that is the subject of the content". What is the way around this so that we can get them signed up at account opening or by utilizing a lobby computer? I know of other institutions that do this but am not finding how that is in compliance. Any help would be appreciated!
Website ADA Discrimination cases appear to be on the rise; how many of these cases were filed in federal court in 2018, and is this actually a significant increase from earlier years?
If only 1 person is 100% of the corporation can they name a POD on the checking account?