Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who can transact in the weAccess?

April 26, 2017transact weaccess

0

Posted

Who can transact in the weAccess?

1 Answer

0

Posted

Only the maker/s and authorizer/s duly specified in the institution’s Board/Sangguniang Resolution or Corporate Secretary’s Certificate or Letter from the Head of Agency, whichever is applicable can transact in the weAccess. Maker is a person given access to a particular enrolled deposit account/s and initiates the banking transaction(s) in the weAccess. Authorizer is a person given access to a particular enrolled deposit account(s) and has the authority to implement (approve, disapprove, or hold) the banking transaction(s) initiated by the maker.