Latest Operations - Internal Controls Topics

E-SIGN and demonstrable consent

05/15/2016

We like having customers sign up for Internet banking when they open their accounts. Is this acceptable for E-SIGN, or is more needed?

Employees Transacting Their Own Business

02/17/2014

I am looking for guidance on employees transacting business on their own accounts, both deposits & loans payments. Also, transacting business on family members accounts (both immediate & distant).

Establishing New Requirements For Garnishments

06/06/2011

Do you have a recommendation on who within the bank should be responsible for establishing/writing procedures pertaining to the new requirements for processing Garnishments?

Dormant Account Signature Card Safekeeping

04/13/2009

When DDA or savings accounts go dormant, we pull the signature cards and place them in safekeeping under dual control. Is this really necessary? Why do they have to be placed under dual control?

Banker Opening Account for Family Member

12/01/2008

Is it a violation for a banker to open an account for a family member? The banker does not work in a branch but in a non-cash handling area having computer access to certain accounts.

Check Cashing by Business Account Signer

10/29/2007

Can an individual cash a check written to the individual against a business account they are a signer on?

Defining Internal Controls

08/07/2006

Please define dual custody or dual control as they relate to cash and/or internal controls.

Dormant Account - Customer Requests Active Status

06/19/2006

After an account has gone dormant, can it be put into active status with the customer's verbal request without having them do a transaction to the account?

Are Your Internal Controls like Swiss Cheese? Part Sixteen -- Preventive and Detective Controls

11/14/2005

FDIC Issues Final Rule FDICIA Threshold For Internal Control Reporting Raised

11/01/2005