Night Depository Policy Update

Night Depository Policy Template Update Detail - 05/03/07

What's New

Topic 2 - Policy Statement. In the past, this product was designed as a procedure rather than a policy. We incorporated a policy statement into the product at the request of various clients who view this offering as a service that requires board of director approval.

Topic 3 - Product Definition. Formerly Topic 2 "General", this area covers the purpose of the night depository services of a financial institution.

Topic 5 - Types of Bags and Customer Use. Formerly Topic 3 "Types of Deposits" and Topic 5 "Customer Instruction", this area covers the types of bags allowed for customer use and training performed by financial institution personnel.

Topic 8 - Night Depository Vault Opening. Formerly Topic 8 "Vault Opening", this area covers procedures for the opening of the night depository vault by dual custodians.

Topic 14 - Bags Delivered by Armored Carrier. Formerly entitled "Deposits Through Armored Carrier", this topic covers the subject of customer contracting with armored carriers for the delivery of deposit bags for processing.

Topic 15 - Retention of Documentation. Provides sample guidance for the retention of night depository documentation.

Night Depository Agreement Form Template - 3 Pages. This new product is included with the purchase of the policy template product and includes the following provisions:

Definitions

Service Options

Authorized Persons

Night Depository Access, Containers and Related Items

Deposits

Contents of Containers

Deposit Processing

Records

Acknowledgement Claim

Fees

Severability

Headings

Waiver

Assignment

Entire Agreement

Termination

Notices and Changes

Governing Law

Authorized Signatures

ATM Night Depository Release Log Form Template - 1 Page. This new product is included with the purchase of the policy template product and is used by financial institution personnel releasing locked canvas bags to authorized customer representatives.

Product Contents

Purpose and Contents - Topic 1
Policy Statement - Topic 2

Product Definition - Topic 3

Night Depository Agreement - Topic 4

Types of Bags and Customer Use - Topic 5

Night Deposit Bags and Keys - Topic 6

Fees - Topic 7

Night Depository Vault Opening - Topic 8

Processing Deposits - Topic 9

Cash Discrepancies - Topic 10

Customer Bag Pickup - Topic 11

Security - Topic 12

Contract Termination - Topic 13

Bags Delivered by Armored Carrier - Topic 14

Retention of Documentation - Topic 15

Includes the following form templates:

ATM Night Depository Deposit Log - 1 page

ATM Night Depository Release Log - 1 page

Night Depository Agreement - 3 pages

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$100.00 - List Price

- or -

$50.00* - Update Price

*Applies only to clients who have purchased our Night Depository Services Policy Template within the last three years.

If you have ordered this product after 04/03/07 you are eligible to receive the updated product at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.