Q:
What Is a Bank Signature Card?
A:
Quick Answer
A bank signature card is a form used by banks to authenticate its customers' signatures for certain transactions. A bank account cannot be opened legally without the completion of a bank signature card. This card is kept on file at the bank, and is the primary means of identifying the user of a particular account.
Continue Reading
Credit:
Terry Why
Photolibrary
Getty Images
Full Answer
For example, in the case of a checking account, a signature card is available to authenticate the signature on a particular check. A signature card is also used when a customer wants to access his safe deposit box. If a customer does not sign a signature card when opening a bank account, he might have difficulty accessing his money on his next visit.
Learn more about BanksRelated Questions
-
Q:
Is Ally Bank Safe?
A: Ally Bank is a member of the FDIC and regulated as any other domestic bank, making Ally a safe organization for financial transactions. Ally Bank is an onl... Full Answer >Filed Under: -
Q:
What Are Some Services Offered by Bridgewater Bank?
A: Bridgewater Savings Bank offers numerous personal banking services, including the ability to open checking and savings accounts, process transactions throu... Full Answer >Filed Under: -
Q:
How Do You Check a Bank's Ratings?
A: Check a bank's ratings for free by running its name through websites that rate banks, such as BauerFinancial, Bankrate and My Bank Tracker. These websites ... Full Answer >Filed Under: -
Q:
What Is a Development Bank?
A: Development banks provide capital to companies and organizations when raising money for ventures is difficult, particularly in countries where investment c... Full Answer >Filed Under:
