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by gamblor956
90 days ago
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Banks have established processes for changing signatories on business bank accounts, including in situations where a past signatory is no longer with the business. In a nutshell: if a past signatory was a regular employee, it just takes any other signatory to remove them. If there was no other signatory, or if the past signatory was an officer, it takes a current officer (as set forth in the company's AOI or corporate minutes). Usually only the latter 2 situations of the 3 above require an in-person visit to the local branch office, and that only requires a few minutes. |
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