Which role is designated to approve a CD withdrawal if the primary officer is unavailable?

Which role is designated to approve a CD withdrawal if the primary officer is unavailable?

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

Answer: (C)

Signing authority on the account determines who can approve a CD withdrawal when the primary officer is unavailable. The officer on the account is the designated signer for that account, so they have the authority to approve withdrawals in the absence of the primary officer, in line with the account agreement. The branch manager is a supervisory role and may step in only if the bank’s policies and the account’s setup allow it, but they aren’t the standard signer for this CD. The BSA officer handles compliance and anti‑money‑laundering tasks, not transaction approvals. A teller can handle routine cash transactions but does not have authorization to approve CD withdrawals. So, the person on the account is the correct approver.

Signing authority on the account determines who can approve a CD withdrawal when the primary officer is unavailable. The officer on the account is the designated signer for that account, so they have the authority to approve withdrawals in the absence of the primary officer, in line with the account agreement. The branch manager is a supervisory role and may step in only if the bank’s policies and the account’s setup allow it, but they aren’t the standard signer for this CD. The BSA officer handles compliance and anti‑money‑laundering tasks, not transaction approvals. A teller can handle routine cash transactions but does not have authorization to approve CD withdrawals. So, the person on the account is the correct approver.