Account Opening Series

Opening a consumer deposit account presents complexity and risk, even when handling basic checking accounts. This comprehensive session will review issues for ownership and documentation, examining every step of account opening, and identify best practices for documenting high-risk accountholders. You will leave with practical tools and guidance for meeting regulatory standards while delivering quality service throughout the account opening process.

Nonprofit accounts present unique compliance risks and documentation challenges. Are your account-opening procedures meeting regulatory expectations for every type of nonprofit organization? This comprehensive webinar will provide a detailed, practical overview of compliance standards and procedures for opening and maintaining nonprofit accounts.

This program will help you confidently manage minor accounts by clarifying what you can and cannot do for under-age accountholders. Learn how to set up accounts for children and grandchildren, review available ownership options, and understand how to transition minors into adult accounts. We cover essential dos and don’ts for account setup, check handling, and granting access. Join us for this concise, information-packed A to Z session on managing minor accounts.

Complying with the documentation requirements mandated in the USA PATRIOT Act’s Customer Identification Program (CIP) increases the challenge of opening accounts for nonresident aliens. This issue is also a Bank Secrecy Act exam "hot spot" with the regulators, as nonresident alien accounts are considered to be high risk. Join us for a discussion of CIP rules, regulatory hot spots, W-8 reporting, and OFAC procedures, and learn how to navigate nonresident alien accounts with confidence.

Your accountholder, the federal government, or the court has named someone legally to act on their behalf. Now what? What can these caregivers and fiduciaries do? What supporting paperwork must each bring? During this program we will review the set-up, documentation, and legal issues involved in these high-risk accounts. You will learn how to style these accounts and get the signature card perfect every time.

Opening business accounts begins with the big four: sole proprietorships, partnerships, limited liability companies, and corporations. This program will explain how to set up signature cards and resolutions, and how to document authority for these common business structures. You will develop expertise in business ownership and authority as we address start-up, dissolution, ownership changes, and death on each type of account. The webinar will also cover the latest on business account Customer Due Diligence requirements.

Uniform Transfers to Minors Act accounts don’t have to be complicated—if you know what to watch for. This practical session will walk through the full UTMA life cycle, from account setup and custodial controls to closure at the age of majority. Discover the lessons experienced bankers have learned the hard way and apply them confidently in your own institution.