My husband has his own small business and wanted to add his secretary on as a second name on the business' checking account. If she has an account with the same bank, is it necessary for her to go into the bank in person for a confirmed signature or can we use the one she has on file at the bank for her own account?
The bank should keep a distinct set of signature authorizations for the business account. There will be a signature sheet that specifies who is authorized to sign, and with what level of authority. Although a bank might use a system that allows one signature card to be used in connection with multiple accounts of the same customer, the business and the secretary are two separate customers, and it would be inappropriate for an individual's signature on her individual account to create an authorization for her access to a business account.
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The bank should keep a distinct set of signature authorizations for the business account. There will be a signature sheet that specifies who is authorized to sign, and with what level of authority. Although a bank might use a system that allows one signature card to be used in connection with multiple accounts of the same customer, the business and the secretary are two separate customers, and it would be inappropriate for an individual's signature on her individual account to create an authorization for her access to a business account.