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Improper LLC Endorsement?

01/14/2008

We have a client who has an LLC with us. The title of the LLC is the first three initials of his or her name- Investments, LLC. (example: MMH Investments, LLC). We have all the proper paper work on the corporation. He or she deposits checks made payable to their name into the LLC and endorses the checks with the business stamp. He or she does not endorse the check, but we know the first three initials of the check is his or her name. Is this endorsement a wrong endorsement?

Searching for an Advertising "Bible"

11/19/2007

I work for a community bank and am fairly new to banking. I'm looking for an advertising "Bible." I've found some resources and thanks for everything you do, but haven't found anything that's all encompassing. Any help would be appreciated!

Cash Management Translates to Earnings

09/01/2005

VECTORsgi, a subsidiary of Metavante Corp, is offering a cash management solution that allows banks of all sizes to put money that might be sitting as inventory cash into income-bearing application

"Yabba, Dabba, Doo!"

11/01/2004

The OCC actually put out a notice that there really is no such Internet bank as the First National Bank of Bedrock - though there really is a Bedrock (population 10) in Colorado.

Changes to IRA Accounts

08/02/2004

We currently offer IRA products that allow the customer to make deposits anytime during the term of the IRA, up until 7 days before maturity. We want to change the terms of the IRAs we offer and only allow deposits at maturity. We have done some research and do not know of anything in the plan agreement that prohibits this change to existing customers. Do you know of any restrictions or regulations that would prohibit this change in terms for our existing IRAs? Also, if we are allowed to change terms for existing customers, would we be required to give 30 days' notice before the change?

Fiduciary Responsibility on UTMA Account

12/15/2003

Let's say you have a custodian on a UGMA/UTMA account specifically designated for education. The child is 2 years from college. Is there a Fiduciary responsibilty to invest in short term less volatility investments since the money needs to be there for college?

Reg D Transfer Limits & Sweep Accounts

08/11/2003

My bank is in the process of setting up a sweep account service for commercial and possibly consumer customers. The accounts will be "swept" daily and the monies will be transferred to a non-related third party for purposes of making investments of customers' excess funds. Can money market accounts (both commercial and consumer) qualify for this service or does the "sweep" count towards the transaction limitations for a money market account?

Potential Market: Those About to Retire

08/01/2003

ING U.S., a financial services company, has focused on a market that could prove lucrative to banks looking for people that want new financial investments or products: people about to retire.

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ATM cash withdrawals and CTRs

02/09/2025

A customer came to the bank and withdrew $10,000 in cash, and then went to another financial institution's ATM and withdrew $400. Both transactions posted to the customer's account on the same business date. Do we need to file a CTR? If so, please explain why.

Auditing the Positive Pay process

02/02/2025

I have been in our bank's treasury department for many years and never been part of, or seen, a Positive Pay audit. Our new auditor wants to put an audit process in place for it. What would be the compliance reason to perform an audit on Positive Pay?

Improving Detection of Deposit Fraud

02/02/2025

We are a [redacted vendor name] bank using [redacted vendor name] AML software. We have noted an increase in small check fraud between $100.00 and $5,000.00 at our teller stations and ATM deposits. Currently, with manual reports worked daily and certain alerts within our software, we are able to catch the larger dollar amounts in check fraud. We want to know if any banks using the same software know of anything that could help us catch more of these smaller amounts in attempts to reduce loss, whether it be manual reports through our vendor, reports in [redacted], or parameters that can be changed in our vendor software.

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