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Internal Controls for Bank Activities (Accounting) - Explained

What are Internal Controls for Bank Activities?

Written by Jason Gordon

Updated at April 7th, 2022

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Table of Contents

What are Internal Controls for Bank Activities?Electronic Banking Controls

What are Internal Controls for Bank Activities?

Internal controls for banking activities include the following:

  • Limit access to account information 
  • Make all persons authorized to write checks sign a signature authorization card (to assist the bank in preventing forgery),
  • Each bank deposit must be supported by a bank deposit ticket (which is pre-numbered).


Back to: Accounting & Taxation

Electronic Banking Controls

Electronic fund transfers or EFTs  are communication transfers of cash from one party to the next or to another. Transferring cash electronically requires the following controls:

  • Keeping up with your passwords 
  • Making sure it can't be hacked into or broken into,

Related Topics

  • What are Internal Controls?– Financial Accounting
  • Internal Controls when Accounting for Inventory – Financial Accounting
  • Internal Controls when Accounting for Cash – Financial Accounting
  • What is Liquidity, Cash, and Cash Equivalents? – Financial Accounting
  • What is Cash Management? – Financial Accounting
  • Internal Controls for Cash Receipts? – Financial Accounting
  • Internal Controls for Cash Disbursements – Financial Accounting
  • Internal Controls for Bank Activities – Financial Accounting
  • Bank Reconciliation - Explained?
internal controls internal controls for banking

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