Most Popular Operations Content
Is cash suspicious?
04/28/2024
If our customer deals in cash does that make him or her suspicious for BSA?
A possibly unfair depositor fee
04/28/2024
What is the bank depositor fee that the CFPB suggests may be an unfair act or practice?
CTR of Estate Account
04/28/2024
We have a client who deposited over $10K into the "Estate of XXXXX" account. When creating the CTR is the Estate the beneficiary on the CTR? The only other person on the account is the Executor.
Most Renters Think Their Box Contents are Insured
04/28/2024
Is it a good idea to provide a separate “NO INSURANCE” disclosure to all box renters?
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.