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Signature Cards Need Full Legal Name in the Title?

Question: 
Do signature cards need to have the full legal name in the title? ex. customers full legal name is Jane Sue Doe and we use Jane Doe on the signature card.
Answer: 

Any "rule" on what name goes on the signature card comes from within; i.e. it's bank policy. My suggestion has always been that a bank should be willing to open an account in whatever name the customer has identification to support.

That's intended to acknowledge some flexibility; e.g.:

Nathan Bedford Forrest
Nathan "The Wizard" Forrest
Nathan B. Forrest
N.B. Forrest

Whether it's Jane or Jane Sue should not make a difference to you. You have her DOB and SSN and that should be enough to distinguish her from any other Jane Doe.

As far as a signature is concerned, the UCC provides some pretty clear guidance: It's whatever the customer wants it to be.

First published on BankersOnline.com 1/30/12

First published on 01/30/2012

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