No. The authorized user/signer will have to apply for an account using their own credit history.
A person can write a letter to the bank, in order to cancel an authorized signatory by naming the account and listing the number. The letter should also state the name of the people on the account and who should be taken off.
Incorporation of your business - a Power of Attorney - joint bank account - granting of the status of "Authorized Signatory."
Signatory means that the person who owns the checking account has signed something linked to the checking account. This could be a document or a check.
The authorized signatory or signatories of the bank account. If it is a personal bank account this would normally be the owner of the account. For a company, it would be any authorised person, whose specimen signature the bank holds. Sometimes, cheques require more than 1 signature.
RESOLVED FURTHER THAT and /or , Directors and/or Authorised Signatory of the Company be and are hereby authorised to sign, execute and submit such applications, undertakings, agreements and other requisite documents, writings and deeds as may be deemed necessary or expedient to open account and give effect to this resolution. RESOLVED FURTHER THAT, the Common Seal of the Company be affixed, wherever necessary to give effect to this resolution. For LTD. Chairman/Company Secretary (Signature to be verified by the Banker)
Only if the account has her a a signatory. Otherwise it is forgery and illegal
No, authorized users are not responsible for an account. Only the actual account holder is responsible for all debt that is incurred.
The person authorized to write checks on an account is called the account holder or account operating customer. He/she is the only person authorized to write checks on that account. Nobody else can do so. (In case of a joint account, all holders of the account can write checks)
A non depleting account is opened in the name of an investor. The investor who is nominated as an mandate signatory has an authority to withdraw the funds.
He transferred his bank account from one area to other. This is the sentence containing transferred.
You can call the lender and close that authorized user account. It no longer affects their credit anyway so there is no damage.
You need a blockbuster account to rent, or you need to be authorized on someone else's account. If you already have an account or are authorized on someone else's account, you can show photo I.D. if you don't have the card.