I suppose mileage varies. In my experience, I've seen a case or two
(different businesses) where the bank had another signatory appear in
person to sign the check before they would honor it.
If your bank offers this protection, I'd certainly bring it to their
attention when they aren't enforcing it. (which should also be audited
internally, I agree)
Regards,
Adrien
On 7/27/20 3:50 PM, Dale Alspach wrote:
I would not put much faith in requiring two signatures. It is unlikely that
the bank is actually paying any attention to this requirement. I learned
this from a former bank employee who was on the board of a nonprofit I work
with. In other words it is an internal control only.
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