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Clarifying Signature Card Confusion for Personal & Business Accounts: Compliance, Account Titling & Ownership

Registration Options and Pricing

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Thursday, September 29, 2016

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

How important is that account signature card? Believe it or not, that simple card operates as a contract! It specifies who owns the account (a matter of great importance), their roles and responsibilities (are they an owner, an authorized signer, a fiduciary?), and whether it is an account for a natural person or a non-natural person (which dictates whether certain consumer protection laws and regulations apply). The signature card provides the documentation needed when conflicts arise between the parties or if there is a dispute between the account parties and your institution. It is also necessary when handling decedent accounts, when levies or other legal processes are received, and so much more!

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • The need for having specific signature cards for different types of situations such as individual and joint ownership vs. formal trust accounts vs. business accounts and accounts held in a fiduciary capacity
  • Ramifications of incomplete or conflicting information on signature cards
  • Which laws and regulations apply to various types of accounts
  • Differentiate between owners and other signers on accounts, such as fiduciaries and authorized signers
  • Proper steps for removing signers, adding signers, and other account changes
  • What the IRS says about W-9 certification of taxpayer identification numbers

  • TAKE-AWAY TOOLKIT
    • Spreadsheet of account ownership types and various requirements
    • W-9 requirement instructions
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

DON’T MISS THIS RELATED RECORDED WEBINAR!

"Risks & Precautions for Endorsements & Other Negotiable Instruments"
Held on Wednesday, July 27, 2016
You can order a recording of the live webinar, with a free digital download.

WHO SHOULD ATTEND?

This informative session is designed for new accounts personnel, branch managers and supervisors, compliance staff, auditors, and staff handling account inquiries and changes.

PLEASE NOTE:    Webinar content is subject to copyright and intended for your individual financial institution’s use only.