Most Popular Operations Content
Check Endorsements- John Doe by Mary Doe
12/08/2019
I have a question about check endorsements. For example, assume a check is made payable to John Doe. Mary Doe brings in check to cash and endorses it John Doe by Mary Doe. John Doe doesn't appear to be our customer. We have no way of knowing if Mary Doe has authority to sign for John Doe. Should this check have been cashed?
Disclosing A Bonus Paid Considered Interest?
12/08/2019
Is the bank required to disclose that a bonus paid will be considered interest and be reported on a 1099-Misc? Should the information be disclosed in the advertisement of a bonus?
Account Labeled DBA- Deposit Made with Cash Back?
12/08/2019
If a customer has an account labeled dba using the owners SSN - may a deposit be made with cash back?
Banks and BSA/AML penalties
12/08/2019
Have there been any significant BSA/AML penalties imposed on banks?
IRA Dormant 5 Years- Send to Unclaimed Property?
12/08/2019
If an IRA is dormant for 5 years and the customer is 50 years old, do I need to send it to unclaimed property?
