What is a bank signature card?

A bank signature card is a document that contains the signature of the account holder and is kept on file by a bank. The purpose of the signature card is to provide a form of identification and verification when a customer requests services from the bank.

When opening a new account at a bank, the account holder is required to sign a signature card. The signature card includes the account holder's name, address, and other personal information, as well as their signature. The signature is used to verify the identity of the account holder, especially when withdrawing or depositing money, or when conducting any transaction that requires a signature.

A bank signature card is also used to verify the identity of the authorized signatories on a business account. These individuals are required to sign the card to confirm that they have the authority to withdraw funds and conduct transactions on behalf of the company.

It is important to keep the signature card up to date with the latest signature of the account holder. This will ensure that the bank can verify their identity when conducting any transactions.

Overall, a bank signature card is an important document that helps protect the account holder and the bank from fraud and identity theft.