Most Popular Operations Content
Closing a low-balance account
04/13/2025
If a customer requests to close an account with a balance under $100, would it be a best practice to issue a cashier's check, or could we just have the customer sign a closing ticket and note that they took cash?
Signature card and substitute W-9 info
04/13/2025
I have a single member LLC that is not a disregarded entity. I have an EIN letter that says single member. Should my signature card show Single Member LLC or LLC (LLC tax classification)?
Celebrate Financial Literacy Month!
04/13/2025
Weathering the Storm: Disaster-Proof Your Operations
04/06/2025
Spring ushers in the heightened risks of volatile weather that can disrupt lives, businesses, and entire communities.
Banking marijuana-related businesses
04/06/2025
Our bank has taken a "no" stand on banking MRBs, however we recognize the "Tier III" category identifies some types of businesses that may provide services to a Tier I MRB. An example would be a container manufacturing company that may sell containers to a Tier I MRB as only a small percentage of their business. Does anyone use an allowable percentage of revenue to determine if this is within your risk tolerance? Also, is there an allowable threshold for direct sales of cannabis products in the states that have legalized use? (For instance, a liquor store or distributor that sells beverages with THC, since that is becoming so common).