Frontline Series: Opening Deposit Accounts for Nonprofit Organizations

Frontline & New Accounts Deposit Account Compliance Managers & Supervisors

On-Demand Webinar

StreamedFeb 6, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Nonprofit accounts can be uniquely challenging.

This detailed webinar will explain everything you need to know in lay terms. Learn how to compliantly breeze through each interview and account opening and efficiently hurdle through CIP, CDD, EDD, BSA, ID numbers, and beyond.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Set accounts up for CIP, CDD, and EDD compliance
Risk rate charitable and civic accounts
Ask specific questions in the new account interview to determine purpose
Understand how the IRS wants these accounts reported
Compliantly set up online banking, debit cards, and other electronic products
Properly construct resolutions and signature cards
Maintain account changes as officers and signers move on

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WEBINAR DETAILS

From clubs to campaigns, organization accounts have different rules and procedures for each. Learn how to set up various nonprofit organizations, associations, and corporations. This program is a must for those who open accounts for community, civic, and fundraising organizations. You will learn about CIP and CDD requirements and risk rating these accounts. The documentation and signature card dos and don’ts will be covered on each, so you can document authority, liability, and on-going signatory rights.

WHO SHOULD ATTEND?

This informative session is designed for new accounts representatives, branch staff, tellers who open accounts, loan officers, trainers, operations personnel, BSA staff, and compliance professionals.

TAKE-AWAY TOOLKIT

New account handbook
New account questionnaire for charities
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.