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2018 New Accounts Series

6-Part Series

Give your frontline staff the knowledge and confidence to
open a variety of deposit accounts in the most efficient and compliant manner
possible with this series of 6 informative webinars!

Purchase Webinars Individually or Purchase the Series to
Get All 6 Webinars for the Price of 5!

Consumers will judge your financial institution’s professionalism by their experience at the new accounts desk. Today’s accountholders expect fast, friendly, and knowledgeable service. Equip your frontline personnel with the tools needed to meet these expectations while accurately navigating today’s complex compliance issues. Whether opening a consumer deposit account or a multi-entity business account, this series will provide your staff with the skills and knowledge to confidently and efficiently handle a variety of new account scenarios.

Whether you are just getting started or have years of experience, this series has tips, tools, and takeaways for everyone! You may register for the entire series or individual sessions. By signing up for the entire series, you will receive 6 webinars for the price of 5.

New Accounts Series Topics

Session Dates & Descriptions

12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern

Click on presenters’ names below for more information.

February 21, 2018
Opening Consumer Accounts: Regulations, CDD & Documentation

Dawn Kincaid, Brode Consulting Services, Inc.

Opening even a basic checking account can involve considerable time, paperwork, and risk! Every accountholder’s situation is different and there is often uncertainty about account ownership, the required identification, and how to conduct appropriate due diligence. This session will review account ownership types, including nonresident aliens, use of powers-of-attorney, minor relationships, and detail the regulations and documentation required for each. You’ll learn how to incorporate CDD requirements into your account-opening process and the handouts provided will become your playbook for opening consumer deposit accounts.

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March 27, 2018
Opening Deposit Accounts for Nonprofit Organizations

Mary-Lou Heighes, Compliance Plus, Inc.

From PTAs to booster clubs to churches and foundations, nonprofit organizations can be an important part of your depositor base. Do you know how these entities differ from other businesses? Identifying authorized persons, determining proper use of tax identification numbers, and the required documentation and information are all part of opening accounts for nonprofits. Attend this webinar to learn essential regulatory and due diligence requirements.

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May 8, 2018
Opening Business Accounts: Entities, Documentation, Authority & Regulatory Requirements

Mary-Lou Heighes, Compliance Plus, Inc.

Someone wants to open a business account. Do you know what type of business it is and the documentation you should request? How do you determine whether the person has the proper authority to open the account and what that authority means? From sole proprietorships to corporations and everything in between, this program will provide details about the correct documents and proper use of taxpayer identification numbers for business accounts. Learn more about the regulatory requirements applicable to business accounts.

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June 26, 2018
Opening Trust Accounts: Compliance, Documentation, Signing Authority & Deposit Insurance Issues

Mary-Lou Heighes, Compliance Plus, Inc.

Trust accounts can be simple or complicated, depending on the purpose. Setting up these fiduciary accounts properly can avoid problems later. Who can open, close, or transact on the account? Which taxpayer identification number should be used? What are the rights and responsibilities of parties to the trust? When a check is presented to open a trust, to whom should it be payable? From informal and formal trusts to UTMAs and everything in between, the requirements for properly establishing and maintaining these accounts will be addressed during this webinar, including a comprehensive overview of deposit insurance coverage for federally insured institutions.

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August 21, 2018
Opening Minor Accounts: Signature Cards, Access, Ownership

Susan Costonis, Compliance Consulting and Training for Financial Institutions

In today’s competitive environment, financial institutions must develop deposit products that cover a broad spectrum of interests and ages. Although minor accounts bring their own complexities, you may be helping the next generation of loyal accountholders. This session will cover three critical areas for opening minor accounts:

  1. Who owns the funds?
  2. How should account opening documents be executed?
  3. How should access to the funds be controlled during the life of the account?

Many states have established laws for defining the legal ownership of accounts for minors, such as UTMA or UGMA (Uniform Transfers to Minors Act or Uniform Gifts to Minors Act). Although state statutes will not be covered, this session will address key challenges and offer practical solutions for opening minor accounts.

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October 10, 2018
Opening Accounts for Nonresident Aliens

Dawn Kincaid, Brode Consulting Services, Inc.

Opening and managing accounts for nonresident aliens (NRAs) can be a daunting task. Learn how to effectively identify nonresident aliens, conduct enhanced due diligence at account opening, and appropriately monitor these accounts. You will also gain important insight into proper tax reporting of NRA accounts. Join us for this comprehensive program on NRA account administration.

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