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Opening 30 Types of Deposit Accounts: CIP, Documentation, Procedures and More! Webinar


Attend the Opening 30 Types of Deposit Accounts: CIP, Documentation, Procedures and More! Seminar from the convenience of your own office via Live Streaming Video as it happens on Thursday, February 10th (9:00 am – 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback.

Learn how to open approximately 30 types of legal ownerships. We will cover consumer accounts, business accounts, deceased accounts and nonprofits. We will review the tax reporting, documentation requirements and best practices in our industry. Submit a copy of your signature card, resolutions and terms and conditions before the program. What you will receive: New Account Handbook and a Deposit Compliance Handbook

Seminar Overview:

  • 9:00-10:15 – Introduction, Customer Identification Programs, Tax Reporting Issues and Changes in Beneficial Ownership
  • 10:15-10:30 – Break
  • 10:30-12:00 – Personal Accounts
    • Single Party
    • Multiple Party WROS
    • Multiple Party WOROS
    • Pay on Death
    • Minors
    • Social Security and Veterans Accounts
    • Power of Attorney
  • 12:00-1:00 – Lunch
  • 1:00-2:15 – Fiduciary, Court Ordered, Deceased Accounts and Trusts
    • Guardianships and Conservatorships
    • Estate Accounts
    • Formal Revocable Trusts
    • Informal Revocable Trusts
    • Bankruptcy Accounts
    • Qualified Income Trusts
    • Workman’s Compensation Set-Aside Accounts
    • Child Actor Trusts
  • 2:15-2:30 – Break
  • 2:30-4:00 – Entities
    • Sole Proprietorships
    • Partnerships—LLP, LTD and General
    • Limited Liability Companies—Single Member and Multiple Member
    • Corporations–For profit and not for profit
    • Agencies
    • Escrows
    • Exchange Accounts
    • Lottery Accounts
    • Business Trusts
    • IOLTA

Who Should Attend?

Designed for banks and credit union branch employees. Tellers, New Account Representatives, New Member Representatives, Personal Bankers, Branch managers, Branch Operations, Deposit Compliance, BSA, Training.