FW: Two signatures required accounts...

[David, Mihaela]

Title: Message

Directia AUDIT INTERN Mihaela DAVID   -----Original Message----- From: David, Mihaela Sent: Friday, March 14, 2003 9:03 AM To: 'Kate Vincent' Cc: '[EMAIL PROTECTED]' Subject: RE: Two signatures required accounts... Importance: High The decision it's according to the client request correlated with the rule of the bank (if any). For companies, for example the decision is according to the CA decision and limits. In this case the bank check only if the sign I is valid and in case that the signature is on the list of sign II, the checking is correlated with the second signature.         Directia AUDIT INTERN Mihaela DAVID   -----Original Message----- From: Kate Vincent [mailto:[EMAIL PROTECTED] Sent: Thursday, March 13, 2003 11:47 PM To: David, Mihaela Subject: RE: Two signatures required accounts... Does this mean that every single Cheque is checked to ensure that two signatures are present if required, or does the bank set some $ limit - ie. only check those above a certain $ amount ?   Kate Vincent Audit Manager Bendigo, Australia. -----Original Message----- From: David, Mihaela [mailto:[EMAIL PROTECTED] Sent: Thursday, 13 March 2003 11:30 PM To: '[EMAIL PROTECTED]' Subject: FW: Two signatures required accounts... Importance: High       Directia AUDIT INTERN Mihaela DAVID   -----Original Message----- From: David, Mihaela Sent: Thursday, March 13, 2003 9:03 AM To: 'Diana Cox' Subject: RE: Two signatures required accounts... Importance: High Hi Diana,   It is very common for our banks to do so; From the first moment when the account is open, there is certain rules (types of transactions, level, etc) established.After that, the client should fulfill some papers with the signatures and nominate who has signature no. I (only one signature required) and signature no.II (two signatures required). The person who has signature no. I, can't have also signature no. II. After that, the account officer should follow if the conditions required according with this rule is fulfilled. If a person who has signature no.II is signing alone, the transaction is not valid and the officer (bank) do not operate it (recognize it). The procedure is valid for companies and individuals. If you need more details, I can check for you. Hope it helps,     Directia AUDIT INTERN Mihaela DAVID   -----Original Message----- From: Diana Cox [mailto:[EMAIL PROTECTED] Sent: Wednesday, March 12, 2003 8:33 PM To: [EMAIL PROTECTED] Subject: Two signatures required accounts...   I am looking for other banks that have checking and/or savings accounts with two signatures required.  I would like to hear your procedures for handling these types of accounts (i.e. what if there's only one signature on the check, verification of signature card updates, etc.) I appreciate any assistance. Thanks, Diana