Most Popular Operations Content
New Account Sale - Referral Fee
11/12/2007
We are having a "new account sale" where we offer a gas card for opening a new account. What are the stipulations on paying the employees of the gas stations a flat referral fee for the day of the sale?
Deposit of Decedent Check into Trust
11/12/2007
We have a customer who is the trustee of his or her parents’ Irrevocable trust. He or she is attempting to deposit a check payable to his or her deceased father into the trust account. It is my understanding that the trust is separate from the decedent's estate and we cannot accept this check for deposit. Please confirm if I am correct and what we should tell our customer he or she should do with the check.
Foreign Account Holder - No TIN
11/12/2007
We have a foreign individual who does not have a TIN. This individual now has a DBA. Is a TIN required for the business or do we use a W-8?
Handling Business Checks
11/12/2007
What is the recommended procedure for handling checks made payable to a business that are returned NSF? We currently make a bank official check made payable to the business when the funds become available.
Time Frame for Returning a Stale-dated Check
11/12/2007
What is the time frame for returning a stale-dated check if it has already been cleared through the customer’s account and then we are notified by the customer that it was stale dated?