Most Popular Operations Content
New Checking Account - No Starter Checks
12/17/2007
Is there any regulatory reason that a bank has to issue starter checks with a new checking account? We have recently merged with another bank that did not give out starter checks at account opening, but instead only gave a temporary ATM card as access. The first package of printed checks are ordered at account opening.
Unaccompanied Minors
12/17/2007
Can minors open a checking or savings without an adult? I am getting conflicting answers.
BSA Board Training
12/10/2007
How in-depth should the training be for the Board of Directors in BSA? Is a general overview of BSA/AML/CIP along with an overview of the procedures in place sufficient for compliance?
IRA Payout to Contingent Beneficiary
12/10/2007
We have a primary owner (wife) on an IRA who has named her husband as primary beneficiary on her IRA. Her son is named contingent beneficiary. The husband died (who is primary beneficiary) and then a few months later the primary owner (wife) of the IRA died. The only person alive now is the contingent beneficiary. What options does he have on the payout of this IRA? How should the distribution be done and made payable to?
Event Sponsorship
12/10/2007
When our bank is a sponsor of an event, such as a performance, and our logo appears on the performance venue's advertisements, is it necessary to also include the FDIC logo? (We are not promoting any products on the performance venue's ads for the event.)