10/17/2005
When does the bank need to require an individual taxpayer identification number (ITIN) and when would it require the social security number of foreign persons opening an account? Could a foreign person open an account with just a current passport and a completed W-8 BEN for a non interest bearing account?
10/17/2005
Can a financial institution refuse to verify funds on a check using the Privacy Act as their excuse?
08/15/2005
Can CDs that are titled John Doe POD for Jane Doe, be retitled in the name of the POD if the owner dies? Or does the contractual agreement between the bank and John Doe become void and therefore the CDs are closed (without penalty) and the funds released to the POD Payee?
06/01/2005
Question: We had our first Native American open an account and tell us that they do not have a tax ID number because they are exempt.
05/01/2005
Question: We have a customer who refuses to provide us with a TIN for his account. He says that he doesn't have one and refuses to get one. He's very anti-government.
02/14/2005
01/31/2005
Our CD customer passed away. Her daughter lives out of state and called to say she was the executor of the estate. The CD listed no beneficiary and the daughter wants to close the account. So far, I think I need estate papers showing the executor and a death certificate. What else do I need to close the account, and are there step-by-step procedures to do this correctly?
01/17/2005
If a customer chooses to have his/her name removed from a CD and he/she is the primary owner, meaning he/she signed the W-9 verification, is it necessary to have the new owner sign a W-9, since any interest earned will be reported with the new TIN number?
01/10/2005
01/03/2005
When opening a burial trust account, can we submit the burial agreement as a verification of TIN?