Pub 1 2012 Issue 2

March 2012 17 Leading advocate for the banking industry in Kansas. just that. One large internet provider for banks still does allow only one User ID and password to access an account. Some banks that use this system have allowed multiple accounts to be accessed by the users of the User ID and password. In some cases one of the joint owners of the main account has no legal authority to be accessing linked accounts but they are allowed to have such access anyway. Every bank needs to review its internet banking system and determine if the bank allows multiple joint owners of accounts to use the same User ID and password to access the account. If so, the bank needs to make certain that all accounts accessible by the User ID and password have identical owners. If the bank For more information, please call us at (785) 228-0000. determines that there are cases where one joint owner can access accounts which that owner has no legal author- ity to access, the bank needs to correct the problem immediately. Phone (785) 228-0000 - Fax (785) 228-0079 1220 SW Executive Drive - 66615 P.O. Box 1654, Topeka, KS 66601 Rated A++ (Superior) By A.M. Best For more information, give us a call at (785) 228-0000. A Live, Intelligent Human Being Will Always Answer The Phone! The Kansas Bankers Surety Company A Member Of The Berkshire Hathaway Inc. Group of Insurance Companies For over 100 years, we have been serving Community Banks with: • Superior and Innovative Products • Financial Institution Crime Bond • Directors & Officers Indemnity • Bank Employment Practices Defense Policy • Check Kiting Fraud Indemnification Policy • Internet Banking Theft Catastrophe Bond • Banking Privacy Liability Policy • Cost of Replacing Compromised Bank Cards Policy • Competitive Premiums • Realistic Underwriting • Prompt Claims Service EXPERIENCE...There is no substitute! Are you looking for the calm in the storm?...