Purchasing Policy
This Purchasing Policy is intended to ensure that the procurement of all goods, services, and supplies required for the safe and sound operation of a bank, credit union, fintech company, or other type of financial institution is handled in a transparent, timely, efficient, and effective manner in accordance with all applicable laws, rules, and regulations and industry best practices.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Purchasing Program Overview – Topic 4
- Responsibility and Authority – Topic 5
- Purchasing Limits and Exceptions – Topic 6
- Purchasing Procedures – Topic 7
- Delivery and Performance – Topic 8
- Inspection and Testing – Topic 9
- Unauthorized Purchases and Improper Use – Topic 10
- Audit Policy – Topic 11
- Staff Training – Topic 12
- Retention of Documentation – Topic 13
This Purchasing Policy (approximately 14 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via e-mail every time it’s revised, within one year from the last date of purchase.
We’re Here to Help
BankPolicies.com keeps your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant.
