11/06/2016
We have a husband and wife who want to open a checking account. They would like to make it payable on death to a revocable trust in their names. Is this possible?
07/19/2015
We have a customer that passed away in April, but we have checks dated March, the month before. Can we deposits those checks into a joint account instead of opening an Estate Account?
07/05/2015
Mr. and Mrs. Smith are joint owners on their checking account. Mr. Smith goes to Branch A at 9:00am and withdraws $7K. Mrs. Smith goes to Branch B at 2:00 and withdraws $7K. Do we file a CTR? We do not have specific knowledge of either spouse benefiting for the other spouse's withdrawal.
04/27/2015
In a recent CTR training I attended the instructor said that if a deposit of over $10,000 cash is made to a joint account, you must fill out Part 1 on the person making the deposit and also on each of the joint account owners. None of the bankers I have spoken with have ever heard that this was required.
10/06/2014
If a check is made out to a husband and wife, the & is used. Can the wife endorse the check and write for deposit only to the named payee(s). The check is being deposited into a joint account, with both husband and wife?
09/01/2014
A borrower has a joint account with two names listed on the account. The names are just stacked on the account. There is not an and/or. Would you consider this to be an and/or account?
06/09/2014
Can an appointed guardian close a joint account? Does the appointed guardian supersede the joint owner of the account?
06/09/2014
We have a customer requesting to add a joint owner on their individual account. They do not want this person to be a signer on the account. Is that ok?
06/02/2014
We have a customer requesting to add a joint owner on their individual account. They do not want this person to be a signer on the account. Is that ok?
04/28/2014
We have a few accounts were the Primary (tax reporting) account holder is deceased. The Joint owner cannot be reached or refuses to come in. The account is a interest bearing account, can we turn off the interest or switch who is primary on the account?