04/04/2005
CIP question: We are having issues with exactly the intent of the "verification documentation." Should the documents we require for verification verify each of the four big items; or does the verification simply prove to us that we are dealing with the correct person and that we can rely on the 4 items they gave us?
11/01/2004
Question: Exactly how should an UTMA account be titled? We've had a lot of questions about this, and it isn't spelled out in our new accounts manual.
10/01/2004
Question: I know you've always taught not to take names off of accounts, but we have a company that uses a joint account for petty cash. It has two individuals as signers.
02/23/2004
When opening a Limited Liability Corporation can you use the individual's social security number, or should the customer obtain a federal tax ID number?
09/08/2003
09/08/2003
We have an Amish population in more than one of our banking areas. Recently we are having problems with Amish people depositing cash or purchasing money orders with cash and they claim not to have identification or a Social Security number, stating their sect prohibits these items. I think I remember something in the past about particular procedures for Amish, but I can't find anything. Is there any reason to treat them differently from any other person? If so, where do I find the information?
09/08/2003
Prior to the CIP being enforced beginning October 1, is it a current rule within the Patriot Act or other law or regulation that we must obtain social security numbers for authorized signers on a business account? What about after October 1?
09/02/2003
We have two customers who want their safe deposit box put in the names of both of their trusts. They want the box styled His Trust Name @ 50% and also Her Trust Name @ 50%. Can this be done? The attorney they use has also sent another request for another customer to do the same thing with their safe deposit box. I don't see how one box can be put in the name of two trusts. If this is possible, what social security number or TIN do we use?
08/04/2003
Can a parent open a savings account for their minor child using the child's social security number as the primary, with the parent as the guardian? How would you title this account? Or does the bank have to open a UTMA account, and if so, why?
06/24/2003
Question: I have a conservatorship account in which the daughter is the conservator for the mother. Should we use the mother's social security number on the account?