Who must approve a CD withdrawal?

Who must approve a CD withdrawal?

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

Answer: (A)

The person who must approve a CD withdrawal is the officer on the account. This role is the designated signer with authority over that relationship, so they confirm that the withdrawal request reflects the account owner’s instruction and complies with account terms. Approving the withdrawal helps ensure proper authorization, keeps records straight, and supports security controls around accessing a CD before its maturity. The BSA Officer focuses on compliance with anti-money-laundering rules, not routine transaction approvals. The Branch Manager might supervise or approve unusual or high-risk cases, but standard CD withdrawals are typically approved by the account’s officer. The Teller processes transactions after the necessary approval and verification, but does not grant the approval themselves.

The person who must approve a CD withdrawal is the officer on the account. This role is the designated signer with authority over that relationship, so they confirm that the withdrawal request reflects the account owner’s instruction and complies with account terms. Approving the withdrawal helps ensure proper authorization, keeps records straight, and supports security controls around accessing a CD before its maturity.

The BSA Officer focuses on compliance with anti-money-laundering rules, not routine transaction approvals. The Branch Manager might supervise or approve unusual or high-risk cases, but standard CD withdrawals are typically approved by the account’s officer. The Teller processes transactions after the necessary approval and verification, but does not grant the approval themselves.