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    Satishsuri's Avatar
    Satishsuri Posts: 1, Reputation: 1
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    #1

    Feb 26, 2009, 06:07 AM
    A bank employee has to be bonded?
    My understanding is that to work for a bank. He should be able to get bonded. Is it true for all the banks and Credit unions in the country? What is being bonded?

    Thanks.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 26, 2009, 06:08 AM

    While I will assume yes, it is not a "law" it is a company rule, so to know for sure you would have to call each bank in the country and ask them.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #3

    Feb 26, 2009, 06:54 AM
    Quote Originally Posted by Satishsuri View Post
    What is being bonded?
    Hello S:

    A bond is an insurance policy. If a bonded person stole from their employer, the bond will pay.

    excon
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