Why isn’t my joint account holder’s information on the 1099 Tax Form?
The IRS mandates that interest earned over $10.00 be reported only under the name and Social Security Number of the Primary Account Holder, not the joint account holder(s).
Why does my Social Security number appear on the 1099 Tax Form?
The Internal Revenue Service (IRS) requires that 1099 Tax Forms be issued under the name and Social Security Number of the Primary Account Holder for tax reporting purposes.
Can I view my Tax Documents Online?
At this time, you are unable to view the 1099 tax form in your Online Banking Portal.
When will I receive my 1099 Tax Form in the mail?
Quontic will mail all 1099 forms by January 31st. Please allow 10–14 business days for delivery via standard postal service
Why are you asking for documentation?
At times, Quontic Bank may request documentation to help us verify certain account activities and to comply with federal regulations. These requests are part of our commitment to protecting your account, maintain regulatory compliance, and preventing fraud.
How do I prevent my account from being restricted?
To avoid future account blocks, adopting preventative measures is essential. Disclaimer: While you can take these preventative measures, including but not limited to those listed above, to reduce the likelihood of account restrictions, Quontic Bank reserves the right to restrict and limit access to your account at our discretion for your security and the banks.