Definition of signature card

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TeachMeFinance.com - explain signature card



signature card -- a form signed by a depositor upon opening an account at a financial institution. The card establishes the type of account ownership and sets forth the account terms and the obligations of the customer and the institution. Signature cards are used for subsequent identification of the customer by comparing the customer's signature with the signature on the card.

historic definition...

Signature card -- A card bearing the signature of a depositor of a bank and kept on file in the bank for reference. Some banks keep the signatures of depositors in a special book.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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