The answer to your question will be driven by your bank’s own policies and procedures. Similar to the case of opening business accounts, many banks have a written policy requiring a copy of a resolution adopted by the governmental unit’s board of trustees that grants authority to one or more individuals to open the account (as well as signature authority). If your bank does not have a written policy on opening accounts by governmental entities, we would recommend that it adopt one.
Local municipalities would like to open accounts (checking, EDAs). What documentation is necessary? For example, how do you confirm the elected officers?
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