Banking/Financial Institution Account Policy

This tool contains three sample policies that establish guidelines for a company’s activities related to opening, closing and maintaining financial institution accounts. 

In these samples, Treasury should establish and maintain written policies and central control procedures related to opening, closing and maintaining financial institution accounts; compliance with the following procedures will help eliminate undue risk and should minimize financial institution-related expenses; the director of treasury will be the company’s primary representative in dealing with financial institutions; and the director of treasury will be responsible for promoting a positive working relationship between the company and the financial institutions.