Answer: To allow tellers to verify checks written on COLTAF accounts.
Explanation: There are thousands of COLTAF accounts. We often receive phone calls from tellers asking us to verify a check written on a COLTAF account. We cannot verify these checks because we don’t write them. Lawyers or LLPs at individual firms write the check from their COLTAF account. This is why we require you to ensure that any checks printed for a COLTAF account include the firm name and phone number. This saves time for both the teller and the person trying to cash the check.
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