Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account. For consumer deposit accounts, this form is also known as a signature card, which names individuals who are permitted to deposit to an account and write checks from it.

Authorized Signer Forms for Business Accounts

When a business account is established, it is standard practice for the financial institution to ask for the entity’s formation documents, such as articles of incorporation, partnership document, or trust document. This establishes the business owners who are added to the authorized signer form. Other personnel, such as an office manager and accounting or finance staff, can also be added at this time.

In the business world, an authorized signer may have varying privileges. For example, a bookkeeper may be able to sign for company credit card purchases or cut paychecks. Similarly, a finance manager may be authorized to transfer money between specific accounts or make wire transfers. Depending on the size and type of an organization, a variety of functions could be granted to people within a company based on their role or job function.

The Importance of the Authorized Signer Form

Any organization⁠—but particularly one with many moving parts and personnel⁠—relies on the authorized signer form to maintain tight control over staff who can make certain transactions. The authorized signer form clearly defines the tasks that an individual is permitted to initiate within an account. This makes transactions easier to monitor and ensures that only decision-makers are initiating specific functions.

As a result, business owners can rest easier knowing that only trusted staff are permitted to conduct business on the company’s behalf.

Managing Authorized Signer Forms at a Bank or Credit Union

For financial institutions, maintaining authorized signer forms in electronic format is ideal. An electronic copy that is easily accessible enables staff at any branch or location to quickly locate the most current version of the form. Locating documents faster means less wait time for customers and members, which, in turn, yields elevated levels of account holder satisfaction.

In addition, a digital file also offers quicker recall and less elapsed time when replacing previous versions. This is especially important when revoking an employee’s access or privileges. An electronic approach to document indexing enables near real-time management of authorized signers. By contrast, a paper-only approach creates delays and could expose the financial institution (and the account holder) to additional risk.

Document Management Resources

For best practices on managing authorized signer forms and other banking documents, be sure to check out our extensive Innovation Hub with free document tracking spreadsheets, whitepapers, and eBooks.

Looking for more banking definitions? Check out our banking definitions page.
 

Explore more resources

Related articles

Thursday 12 February 2026

How to Electronically Share Credit & Loan Files with Examiners

The Commercial Loans (Section 206) booklet, part of the Office of the Comptroller of the Currency's (OCC) Comptroller's Handbook, sets forth examiner procedures for evaluating…

Read the Blog

Monday 9 February 2026

[Playbook] Smarter, Faster, More Secure Mobile Deposit Capture

Here’s the Situation: Today’s depositors expect flexibility, and mobile deposit remains a baseline feature for digital-first consumer and business banking. Financial institutions are turning to…

Read the Blog

Wednesday 4 February 2026

4 Important Exceptions to Track for Commercial Lending

Keeping exceptions to a minimum is an important priority for mitigating risk, ensuring compliance, and encouraging efficient operations. But, what exactly is an exception? At…

Read the Blog

Tuesday 3 February 2026

Make Tax Season a Little Less Painful: Smarter Content Management for Banks and Credit Unions

Few industries are more document intensive than banking. Loan agreements, collateral records, credit reports, disclosures, notices, certificates of good standing, deeds of trust, land surveys…

Read the Blog

Monday 26 January 2026

Why Banks and Credit Unions Must Modernize Legacy Systems to Reduce Technical Debt and Strengthen Security

Banks and credit unions have long been pillars of stability in their communities, but behind the scenes, many are carrying the weight of aging technology…

Read the Blog

Thursday 22 January 2026

Streamlining Consumer Lending with a Comprehensive View of the Borrower

Borrowers expect quick access to financing without excessive documentation requests, but keeping everything organized can be challenging for lenders—especially when relationship information is spread across…

Read the Blog

Tuesday 13 January 2026

Avoiding Exam Issues with a “Stronger” Approach to Exception Management

Managing exceptions can feel like busywork with minimal impact on a financial institution’s overall success. But, in reality, effective exception management is essential for mitigating…

Read the Blog

Monday 29 December 2025

Alogent Top 10: Most Downloaded Banking Resources of 2025 to Power Success in the New Year

As banks and credit unions navigate a rapidly evolving financial landscape, priorities like digital transformation, operational efficiency, and account holder engagement remain front and center…

Read the Blog