Which one of the following is true of a signature card?
A)It shows each authorized person's signature for a bank account.
B)It is the same as a deposit receipt and acts as a proof of the deposit transaction.
C)It can be used as a debit card.
D)It can only be used for bank accounts of individuals,not for the bank accounts of businesses.

Question

Quizplus · Accepted Answer

A signature card is a document that contains the signatures of all authorized individuals who can access a bank account. It is used by the bank to verify the identity of the account holder and to ensure that only authorized individuals are granted access to the account.

Which One of the Following Is True of a Signature