Latest Operations - New Accounts Topics

Cash deposits and Reg CC

03/07/2021

When does the bank have to make a deposit of cash available for withdrawal from a transaction account?

Fiduciaries should not act to benefit themselves

03/07/2021

Can a fiduciary use an account for their own purposes?

When the new account hold rules apply

02/28/2021

Does the new account hold limit apply only to the account-opening deposit, or to any deposit to a new account?

How to lose money on guardianships

02/28/2021

What should we look for in guardianship paperwork?

Deposit Agreements that Enhance Reg E

02/21/2021

We had a problem with debit card claims so we modified our deposit agreement. If they don’t cooperate in the claim process, we can deny it. Problem solved!

Holds and new accounts

02/21/2021

How long can we hold a personal check drawn on a bank in another state deposited to a new account?

Do we have to take a POA?

02/21/2021

Can you refuse a power of attorney?

Beneficial ownership certification on organizations?

02/14/2021

Do we get a beneficial ownership form on a nonprofit organization?

Trusts and POAs

02/14/2021

Can I put a power of attorney on a formal trust?

SSNs on business accounts?

02/07/2021

Does a business have to have an EIN?