On a Deposit Signature Card, we understand the account should be styled like the legal name of the customer. The signature line on the signature card is where the debate is. Should the customer sign the signature line on the signature card exactly as the account is styled (legal name) or should the customer sign the signature line like they plan to sign their checks (which could be any variation of the legal name)?
We are getting ID on all signers of businesses. Do we have to do this?
What are your experiences with customers whose physical impairments make it difficult for them to sign their checks?
We have a customer who shakes badly when writing and signing and wanted to know if we should redraw the signature cards for his accounts. The banker assisting offered him some different options (facsimile signature stamp, signing with a "X") but ultimately didn't advise him to what he should do. We're just looking for some insight into these types of situations. We are in Missouri if that affects the situation in anyway.
With two signature liability on a deposit account, may a corporation have two signatures required then be issued a debit card for that account?
Are we violating any regulations if we send out signature cards to our customers for them to sign?
Is it advisable to provide a copy of our signature card to a customer?