Account Documentation and Signer Updates

Authorized/Operating Signer Updates

Staffing at a corporation will continually evolve, as such it is of high importance that Citi are aware of the changes as soon as possible to ensure smooth and continued bank account management. Updating your company's signatory information is one of the most popular requests.

Summary

Authorized Signers

These are the individuals who will execute the account opening documents and will designate the operating signers.

  • Are identified through Authority Documents like the Board Resolution

Operating Signers

These are the money movers on the account(s). They write checks, instruct wires, or provide any other instruction on behalf of the entity to move funds.

  • These signers would be assigned by the Authorized Signers and updated on the Signature Card

Manual Transaction Signers

These are the individuals who authorized to instruct manual transactions in contingency situations where the electronic banking platform is temporarily unavailable.

  • These Signers are assigned by Authorized Signers and updated on the GMTA form

Additional Information

Typically, there are two key elements to documentation/signer updates:

  1. Citi documents:
    • Signature Card
    • Global Manual Transaction Authorization
  2. Customer documents:
    • Constitutive / Formation Documents - e.g. Certificates of Incorporation, Certificate of Formation/Organization, and Partnership Agreements.
    • Certificate of Incorporation/Articles of Incorporation
    • By-laws
    • Board Resolutions
    • Power of Attorney (POA)

Click on this link for a list of all the required documents for Corporate Signer – Add, Operating Signer – Add and Signer Delete. This list is for your information only. Upon your confirmation, a final list will be generated and provided to you for submission. The final list excludes any valid document Citi has on file. Please contact your Client Executive/ Relationship Manager / Citi Representative before completing a form or submitting any document.

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