[CyberTOPS] bank accounts question

[Lori - cyberTOPS Owner]

I am a signer for our TOPS chapter, and our account is at a credit union, 
and we have never ever heard of this before.  However .... that said, we 
will have to go this month and get our signing changed as one signer is no 
longer in our chapter, so I will let you know if the same happens.  I 
agree with you totally -- I would not want to be liable for sure.  I can 
understand the bank's side though -- if something happens where one of the 
officers embezzles, they don't want to be liable, but if someone else 
outside the chapter does something, the bank should be liable same as it 
is on any account.

I'll let you know what happens when we go.

acm wrote:
> Hello
> 
> I ahve a question. I went to the bank to change the signing officers on the
> tops account. we have three signatures required on the account. the bank is a
> credit union and I am in Canada. The bank told me that two of us needed to be
> members of the bank and had to submit to credit report. (my credit is fine but
> I am afraid that mistakes made in tops could effect my credit) the two of us
> that are members of the bank are 100% responsible for any fraudulent activity
> that could happen on the account. this has made me very nervous as to my
> liability especially as our treasurer appears to be really struggling with
> keeping the books (and she has just taken over)
> 
> I am wondering how other chapters handle this and how to minimize my personal
> liability
> 
> any advice is welcome
> 
> thanks
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