Calendar of Events

Do’s and Don’ts on Signatures Cards

08/17/2017, 1:30 PM to 3:30 PM

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Do’s and Don’ts on Signatures Cards



Presented by Deborah Crawford
Thursday, August 17th, 2017 - 1:30 pm - 3:30 pm CT
 

Covered Topics:

  • When small favors for customers can cost the financial institution big liability
  • Why you cannot give money to someone who has not signed the signature card
  • Why checks have to match accounts
  • When do you have to retype the signature card and when can it go with small changes
  • When does it matter which disclosures you give on new accounts?
  • Typos, whiteout, initialing and other issues that can cost the financial institution big time
  • The impact of lack of signatures on your contracts and how that affects insurance
  • When failure to read the contract and follow it can be significant - closing accounts, rights of offset, and other issues in the contract
  • How to set up signers, power of attorney's and other important fiduciary relationships so you won't confuse ownership
  • Common errors on ownership types and how that can create big problems on deceased accounts
  • Account stylings and taxpayer identification numbers - at $50 per error, how many can you afford?

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