Answer:
Answer by Randy Carey: Closing the account is a decision to be made by the bank. If the account relationship is not profitable, considering all the extra monitoring time and effort, I would close it.
Answer:
Answer by Kathleen Blanchard: The bank should also consider that, if this spouse does not also have an account with your bank, you have an individual who has not been through your CIP process using your bank, via his wife's account.
First published on BankersOnline.com 9/24/12