Most Popular Operations Content
Can regulators make you file a SAR?
04/21/2024
Our regulators want us to file a SAR when a non-customer cashes a check at our institution and in the memo line it says something like “air conditioning repair”? How do we do this?
Banks affected by the CFPB’s “Surprise fees” guidance
04/21/2024
What financial institutions are affected by the CFPB’s guidance on surprise overdraft and depositor fees?
What is a "school"?
04/21/2024
When opening a safety deposit box, would you put a school into an association/organization, or a governmental entity account type? We are seeing that both have been used in the past.
Benefits of cloud-based mobile deposit as a service
04/21/2024
How can financial institutions benefit from cloud-based mobile deposit-as-a-service solutions?
Un-doing Two Sigs Required
04/21/2024
We have a number of deposit accounts that were opened where the accountholder desired to have two signatures required for withdrawals. As this has become burdensome for bank staff to verify the incoming clearing checks, we would like to eliminate this requirement. For the existing account holders, what, if any, notification is required? The account agreements on file currently state "Except as otherwise provided by law or other documents, each of the undersigned is authorized to make withdrawals from the account, provided the required number of signatures indicated above is satisfied." The number of signatures above on the signature card states 2.