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Citybank keypad with letters11/15/2023 ![]() US business address given on the Customer Activation Form.Paper statements and/or billing being sent to a US address.US branch of a non-US incorporated entity.Branch of an entity incorporated in the US.In general, Citi looks at the Resolution to understand who has the authority to bind the company.Ĭiti is obliged to provide reporting to the US Internal Revenue Service (IRS) in relation to US accounts and accounts opened elsewhere by Customers with a US address connection. IMPORTANT: The interpretation of a Resolution can be one of the more challenging areas as it is the initial document Citi would reference to understand who can open, close and manage bank accounts. ![]() Those given authority to open, close and manage bank accounts should be listed as officer titles/positions within the Banking Resolution rather than individual names to allow for ease of updates.Ĭan be supplied by Company Corporate Secretary providing certification of Officer name, title and signature sample. Other entity types won't have a "Board Resolution,"" but the documentation provided will include the same type of information related to who will have authority over the account. ![]() Describes scope of authority, such as to open accounts, appoint signers, sign bank accounts. ![]()
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