Skip to content

Depositing "other" checks into Trust

Answered by: 

It it allowed that a customer who is a trustee on a family trust account, may deposit checks that are made payable to that customer's business into the trust account?

It would be a breach of fiduciary duties for the trustee or the bank to knowingly allow the co-mingling of trust and business assets.

First published on 06/26/2022

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics