Signature cards are used by banks to verify that the party using an account actually has authority to use the account.  These accounts include, but are not limited to, the association’s operating accounts, reserve accounts, certificate of deposit accounts, and money market accounts.  One of the more commonly missed steps following the election or appointment of directors is the signing of bank signature cards and the removal of any old signature cards.   By remembering to update these bank cards, boards are ensuring that they will be able to properly access their accounts when funds are needed or when accounts mature.  Additionally, the updating of signatures will protect associations from potential fraud by disgruntled former signatories.