Vital Checks and Deposits Issues: Legal, Procedural and Ownershi


$295.00

Presented by: Deborah Crawford


Every single day the frontline of your institution handles routine matters that can cost thousands of dollars if there is an error. For example, your teller may take deposits and fill out deposit slips for customers, but what will happen if the deposit goes into the wrong account and checks are bounced because of the teller's actions? What if an authorized signer on a personal account deposits his own check into the account and it is returned unpaid? Can a joint owner withdraw funds from an account if he or she never signed the signature card contract? These operational and day-to-day dealings with your customer may lead your institution into liability without anyone's knowledge until there is a lawsuit.

For deposit accounts, who can do what with checks? You'll get the answers you want and the reasons for them. You will receive 10 Simple Rules for Handling Checks that can save you worry, litigation and money.

Questions that will be addressed:
  • Can one customer deposit into another customer's account? Can you deposit a personal check into a business account?
  • Can you deposit a minor's check into his mom's account? Can you deposit a check made payable to Mom into her child's UTMA account?
  • Can an owner of a business cash a check made payable to the business?
  • Can a business owner get "cash back" from a deposit?
  • Can you put a stop payment on a check made payable to cash?
  • How can a business get "petty cash" without making the check payable
  • to "Cash"?
  • What is a "third party check"? Can we cash or deposit such a check?
  • Can an authorized signer, agent or convenience signer on a personal account cash his or her own paycheck against the account? Can an authorized signer get a balance? Take all the money?
  • Do we have to pay attention to the words "VOID AFTER 90 Days"?
  • Can we pay a stale dated item? Can we pay a postdated item?
  • Can we deposit a check made payable to a deceased customer into his or her joint account?
  • Can checks made payable to "The Family of John Doe" go into John Doe's account with his spouse?
  • Can we open an account with a check made payable to the bank? Can we cash a check made payable to the bank?
  • What does "FBO" mean on a check?
  • How should a person with a POA document endorse a check?
  • Can a check made payable to an individual be deposited into his/her living trust after death?
  • And many, many moreā€¦
About the Speaker Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ 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.


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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in October 2013. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

Add to Cart:

  • Model: cd_vitalchecks1013
  • Manufactured by: Glia Group, Inc.


This product was added to our catalog on Tuesday 18 June, 2013.

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