SDB OWNERSHIP
The number of keys issued to the customer at account opening for a SDB.
What is 2?
True or False:
The customer does not need to have their key with them in order to enter their SDB.
What is FALSE
True or False:
A SDB can have a Payable on Death Beneficiary.
What is False?
True or False:
The customer must view their box contents at the small desk located between the SDB's and Stella's office.
What is False.
The customer may take their box anywhere within the bank to view and access the contents.
We can offer to let them have use of the board room for privacy if needed.
What is once per year?
January 2nd, unless it's a weekend, then it's due the following Monday.
Name the three places you can locate a customer's SDB number.
What are:
- The customer's key
- The green card (next to the vault)
- and XE (SDB number is the SDB box number minus the first two digits
A Trust can never own a SDB
What is False?
Only trustees have access. POA's cannot enter a SDB on a Trust account.
True or False:
If a person has the customer's SDB key and signs the green card, we can allow them to enter the box even if they are not an owner on the SDB account.
What is False?
The additional fee assessed to pay in any other manner than Auto Pay.
What is $5.95 per year?
True or False:
A Power of Attorney can never enter a SDB.
What is False?
The POA can only enter the box if the legal POA documents state they have the power to enter the box.