How to control accounts?
The opening of a bank account is one of the primary concerns of our clients. All major banks recognize the importance of being able to carry out instructions expeditiously, with many banks now providing online computer facilities that provide information to the authorized user and the ability to effect either inter-account or external electronic transfers. Clients preferring to issue instructions by fax are able to establish coded systems with the bank to ensure both confidentiality and security. Know your customer principles Banks are required by their regulators to know their customers’ identities and details of their business activities. Clients are encouraged to inform banks of changes in their business pattern or of any large transactions. Banks are suspicious of large inward transactions followed rapidly by large outward transfers from corporate accounts and generally do not wish to attract this type of business. A client who describes his business as a business consultancy with
Related Questions
- When I logged into the Control Panel to edit my email accounts I noticed a "Change Password" option/icon on the main Control Panel page. What is that?
- Is it possible to reconcile a specific Account Set in the Accounts Payable, Accounts Receivable and Inventory Control module?
- Why Carolina Accounts Control, Inc.?
