Joint
This account type has 2 or more people
What is a Joint account
This account type has only 1 person.
What is a Sole Owner or Individual account.
This is what POD stands for
What is Payable on Death
This is what POA stands for.
What is Power of Attorney.
This is the main document for opening a new account and contains the information needed between our bank and the customer
What is a signature card
This is the term for getting all the money when the other owners die
What is With Rights of Survivorship.
This is the term for paying your account out to who you designate when you die.
What is Payable on Death
What is 3.
This is who owns the account
Who is the Principal
This is the regulation that allows us to pay for overdrafts and charge a fee to the customer for paying debit transactions.
What is Reg E
These are the people who can change product types and conduct transactions on joint accounts
Who are the Owners and Signers
This is the person who can change product types and conduct transactions on a sole ownership account
Who is the Owner/Signer
This is how many PODs fit on a signature card
What is 6.
This is the person who is authorized to act by the principal (owner).
Who is the agent or power of attorney
This type of owner is under the age of adulthood
Who is a Minor.
This is the typical the age we can set up an account for a person
What is 18.
What is update the signature card and Navigator.
This type of POA still works when the principal has become incapacitated.
What is a Durable POA
This is who gets the tax pointer
Who is the first listed person on an account
This is the term for when you appoint someone to act on your behalf
Who is your power of attorney or attorney in fact.
This is what a POD can do/perform on an account they're listed on.
What is they have no rights while the owners are alive.
This type of arrangement only covers an account and is our own document for our customers.
What is an Internal POA