When an employee exits your company, one of the most important things to do is make sure that his or her name is properly removed from any bank accounts they had access to as an employee.
A good first step is to have one of the other signers on any relevant accounts notify the bank immediately that the employee is no longer with your company.
You will also want to make sure that any security tokens for the accounts your former employee had access to have been disconnected. If the employee had access to Business Online Banking, log in and delete them as a user. If they were an Administrator on any accounts, be sure to establish new Administrators where needed.
Next, you will want to update any signature cards the employee’s name was on. Remember, all of the signers on your company’s accounts will need to sign new signature cards at this time. They may also have to update the signature cards a second time if a new employee is hired and needs to be added to any accounts.
Finally, don’t forget to delete your former employee from all additional Business Banking services that are included with your accounts, such as Online Bill Pay or a business debit card, for example.
And remember, you can always contact your local branch, business banker or our call center if you have any questions.