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 must be signed by a banking authority for a checking account at a bank.
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 banks use to show the signatures of all authorized signers on an account. This helps the bank verify that transactions are being conducted by those authorized to do so.

Which One of the Following Is True of a Signature