Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
Sometimes the simplest error or typo can create legal ownership, insurance and access issues for your accountholder. If you do not sign the signature card on a joint account, it is not insured by either the FDIC or NCUSIF. Or if you add notes to the cards or add signers after the fact, many times you can create liability for your financial institutions. When you open accounts, you are tempted to accommodate accountholder wishes and needs in ways that create liability for your financial institution. These do's and don'ts may save your financial institution thousands of dollars in the future. These 10 fundamental rules will keep your officers and your account representatives from creating liability and future losses on the deposit side of your organization.
New Account Representatives, Personal Bankers, Branch Managers, Branch Operations, Training and Customer Service Representatives.