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Signature Card

 
Banking Dictionary: Signature Card
 

Card that a customer signs when opening an account at a financial institution. It identifies the depositor. Copies of signature cards are kept in the branch offices. It is also a dual control device, controlling access to safe deposit boxes. Two signatures are required to open a safe deposit box: the customer's and a bank employee's. A corporate signature card bears the names of the firm's officers authorized to sign checks or transfer funds.

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more