Most Popular Operations Content
UTMA Custodian is MIA
11/12/2023
I have a UTMA account where the custodian (mom) has lost contact with both the bank and the child. What can we do as the bank to pass the funds to the child who is currently only 13?
Friction caused by fraud and aging check processing solutions
11/12/2023
Are current image acquisition and processing solutions able to keep up with market needs?
CTR Exemption - Check Casher
11/12/2023
Would a CTR be required if several individual employees endorsed their respective payroll checks (all individual payroll checks are under $10,000 but combined they aggregate to an amount that exceeds $10,000), and the owner of the business (which is exempt phase 2) cashed them for the purpose of distributing the proceeds back to the individual employees? Is this allowed under an exemption? PS - Our Compliance BSA Officer abruptly left the bank with no guidance, and we are trying to make sure we do things correctly.
Who has to acknowledge a change in terms?
11/05/2023
We are changing our passbook savings accounts to regular savings accounts or money market accounts. The account numbers and signers are not changing. The only thing changing is the account type. Can any signer on the account make the change and sign for the change, or is it required that all signers sign for the change so that everyone on the account acknowledges it?
Benefits of “cloud native”
11/05/2023
What are some potential benefits of using cloud-native technology?