Opening UTMAs: Lessons Learned

Frontline & New Accounts

On-Demand Webinar

StreamedJan 14, 2026Duration75 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

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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.

KEY WEBINAR TAKEAWAYS

CIP and CDD for UTMAs
Transferring funds to minors under state law
Handling accounts when owner or custodian dies
Successor Custodian option to help at death
Purpose and longevity of account
What happens at age of majority
What custodians can and can’t do
Setting up signature cards properly

BONUS MATERIALS

New accounts handbook

WEBINAR DETAILS

Finally, a program on Uniform Transfer to Minors Act accounts (UTMA) that focuses on setup, life cycle, and then closure of the UTMA. We will focus on the lessons learned over the years of handling account setup and checks going into the account. These accounts are dictated by state law but have some common themes we can all watch out for. Learn the good, the bad, and the ugly about the UTMA in your state.

WHO SHOULD ATTEND?

New accounts staff
Branch staff
Deposit operations
Deposit compliance and training

TAKE-AWAY TOOLKIT

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.