Is there a banking regulation which limits the number of convenience signers on an account? We are trying to set up an account with one owner and two convenience signers and our bank is telling us we can only have one convenience signer.
This isn't regulated by federal law. Banks have allowed convenience signers because there is a demand for it and it meets a need. If the bank's policy is to limit this to one, that is certainly within their rights.
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This isn't regulated by federal law. Banks have allowed convenience signers because there is a demand for it and it meets a need. If the bank's policy is to limit this to one, that is certainly within their rights.
