Which individual is the primary approver for a CD withdrawal?

Which individual is the primary approver for a CD withdrawal?

• A. The Branch Manager
• B. The BSA Officer
• C. The Officer on the account
• D. The Teller

Answer: (C)

The main idea is that the person who has signing authority on the account is the one who approves transactions on it. For a CD withdrawal, the authority to approve comes from the officer on the account—the individual designated to sign and authorize account activity. This person verifies the CD terms (such as maturity status or any early withdrawal penalties) and signs off to release the funds. The teller handles processing and verification (like confirming identity and required documentation) but does not make the approval decision. Branch management or the BSA office aren’t the typical primary approvers for a standard CD withdrawal; they may get involved in special circumstances or oversight, but the actual authorization rests with the officer on the account.

The main idea is that the person who has signing authority on the account is the one who approves transactions on it. For a CD withdrawal, the authority to approve comes from the officer on the account—the individual designated to sign and authorize account activity. This person verifies the CD terms (such as maturity status or any early withdrawal penalties) and signs off to release the funds. The teller handles processing and verification (like confirming identity and required documentation) but does not make the approval decision. Branch management or the BSA office aren’t the typical primary approvers for a standard CD withdrawal; they may get involved in special circumstances or oversight, but the actual authorization rests with the officer on the account.