Opening Deposit Accounts: Documents and Procedures
RECOMMENDED FOR:
Customer Service Representatives/Member Service Representatives,
New Accounts,
Branch Managers,
Frontline Employees
Branch Administration
Our primary function at the frontline is to identify the person or entity attempting to open an account. This instructor-led program will look at your current procedures to open and document accounts to make sure the procedures are protecting your bank. The Opening Deposit Accounts: Document and Procedures online class now includes a New Account Interview with sixteen steps for compliance. This comprehensive approach to identifying, documenting and verification of accounts will make this an invaluable class for those opening deposit accounts.
TOPICS COVERED:
CIP Regulations
New Account Interview
W-9, W-8 Issues
Types of ownership: Individual, Joint, PODs, Agents, Powers of Attorney
Special Accounts: Living Trusts, UTMA, Social Security Representative Payees
Estates
Sole Proprietor Accounts
Partnerships and Corporations
Limited liability Companies
Non-profit organizations
IOLTA
Agency, Escrow, and Public Funds
Tragedy, Political Campaigns
MSBs
Insurance
Insurance Basics
General Principles of Insurance Coverage
Single and Joint Accounts
Revocable and Irrevocable Trust Accounts
Self-Directed Retirement Accounts
Coverage Following a Bank Merger
Grace Period Following the Death of an Accountholder
Corporations, Partnerships, and Unincorporated Associations
