by OSblueprint | Sep 12, 2022 | Articles, Banking
First, none of the following applies to joint accounts. As always, upon the death of one joint owner, the survivor becomes sole owner. On accounts held in one name or joint names with a “POD” designation, the first question is “survival” of the...
by OSblueprint | Sep 12, 2022 | Articles, Banking
Bank staff frequently are confronted by garnishments and attachments of customer accounts when the party seeking the garnishment has not completely or accurately identified the customer. A few pointers follow: The duty of the Bank, and any garnishee/employer/account...
by OSblueprint | Sep 12, 2022 | Articles, Banking
Note: This is a summary of the Bank Secrecy Act, or “anti-money laundering act” and more detailed information can be found at: https://www.fincen.gov/resources/statutes-and-regulations/bank-secrecy-act How and when is a Bank required to...
