Business Glossary

card that a customer signs when opening an account at a financial institution. It identifies the depositor. Copies of signature cards are kept in the branch offices. It is also a dual control device, controlling access to safe deposit boxes. Two signatures are required to open a safe deposit box: the customer's and a bank employee's. A corporate signature card bears the names of the firm's officers authorized to sign checks or transfer funds.

actions requiring approval by two persons, each being held accountable. When a teller cashes a check for a noncustomer, a bank officer's signature is often required. If authorization by two individuals working together is required, the preferred term is joint custody. For example, access to a safe deposit box requires approval by banker and customer, each possessing a key to the box.