What is a signature card?

A signature card is a form completed by an account holder that authorizes specific transactions or actions related to their account. It is typically required by financial institutions, such as banks or credit unions, as a way to verify the identity of the account holder and to authorize certain activities.

The signature card is used to capture the account holder's signature, which is then stored on file by the financial institution. This signature is used to verify the identity of the account holder for future reference, such as when making withdrawals, deposits, or other transactions.

In addition to capturing the account holder's signature, the signature card may also include other personal information, such as the account holder's name, address, contact information, and any other relevant details about the account.

Signature cards are an important part of maintaining the security and integrity of a financial account, as they help to prevent unauthorized individuals from accessing the account or making unauthorized transactions. Banks and other financial institutions may require account holders to update their signature cards periodically to ensure that the information on file is up to date and accurate.