Most Popular Security Content
Is Bank Required to Get Authorized Signer's SSN?
07/04/2005
Are you required to get an authorized signer's social security number? The signer has provided us with 2 other forms of ID including a picture ID?
Providing Customer with Copies of CTRs
07/04/2005
We have a customer who is currently being audited. He is requesting copies of approximately 70 Currency Transaction Reports that we filed on him. Are we allowed to provide copies of CTRs to our customer?
Credit Bureaus & Secondary Cardholder Verification
07/04/2005
When opening credit cards for joint cardholders, the primary account holder's credit bureau is pulled for underwriting purposes as well as to verify the identifying information. Identifying information is obtained from the secondary, but no credit bureau is pulled unless it is needed for underwriting purposes. What are the verification requirements on the secondary cardholder? Does the bureau need to be pulled? Can another source of public information be used? Is it even necessary to verify the second cardholder's identifying information?
Validity of Check Images
07/04/2005
Some consumers believe that the images of checks are not as good as the checks themselves. What are the rules on this for proof of payment or prosecution of forgery?
Do We the File CTR on both Minor and Parent?
07/04/2005
If a minor, under 10 brings in a cashier check over 10,000.01 to be cashed with a parent. The minor presents a Social Security Card and Birth Certificate as ID. Parent, who is a custodian presents their drivers license and other information as further ID. When filling out the CTR, is the minor the only person on the form or would the parent be conducting the transaction of the behalf of the minor?