04/01/2013
Can a customer use an ACH credit or incoming wire that has been memo posted to his account? By memo post, I mean it shows as a pending transaction.
03/25/2013
We have a customer who has a DBA. She and her husband recently setup a trust and are wanting the DBA account to be listed as a POD with the trust as beneficiary. Is this permissible?
02/25/2013
Is an executor able to close an account that is titled "POD?"
02/11/2013
IRA Customer's beneficiary is deceased. No contingencies listed and no Estate. Who gets the funds?
02/04/2013
Is there any requirement that we mail a receipt to our customer for an incoming/outgoing wire transfer?
01/21/2013
We have an IRA for a recently deceased customer with a minor child (7 years) as beneficiary. We make the check payable to the child? Can the parent in turn endorse Jane Doe, Monor - Jill Doe legal guardian transact? How do we make sure Jill is the legal guardian? I'm thinking of an indemnification similar to parent transacting on redeeming bonds.
12/10/2012
I have a customer who passed away and his daughter is the beneficiary. Under state law, can she designate her own beneficiary since she inherited this one?
10/22/2012
Can beneficiary be added to a business account that is set up as a sole proprietorship and using the individuals social security number on the account?
10/22/2012
If there are two beneficiaries listed on a payable on death account, but one is deceased when owner passes, what happens with the funds? Does the surviving beneficiary receive all funds in the account?
10/15/2012
If a beneficiary of a representative payee account calls and wants to know the balance of their account, are we allowed or required to tell them since they are technically the owner?