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Course/Product Description
Title:

Opening New Personal/Consumer Accounts

SKU:WT- 1000590
Format: Webcast/Audio Conference/Interview/Podcast
Description:

Opening New Personal/Consumer Accounts

Opening new accounts is complicated! With fraudulent activity at an all-time high and ongoing onerous regulatory oversight and scrutiny, the need for new account training is paramount in order to maintain diligence as well as update processes and procedures. This two-hour workshop, which is Part 1 of a three part series, focuses on the new account opening procedures and compliance requirements for Personal and Consumer Accounts. Attendees will gain an understanding of proper documentation requirements, ownership options, proper account titling and who has authority to open and transact on the account during lifetime and at the death of a signer.

It is highly recommended you have a copy of your financial institution's account agreement and signature card to use as a reference during the session.

Covered Topics:

  • Managing Risk For the Financial Institution
  • New Account Opening Procedures
    • Identiy Verification
    • Previous Banking History Verification
    • Comparison with Government Lists
    • Proper TIN
    • Client Notification/Disclosure Requirements
  • TIN Compliance
    • Applying for an EIN
    • Certifying a TIN
    • W-8 and W-9 Requirements
    • Backup Withholding
  • Personal/Consumer Accounts
    • Personal Account Ownership Overview
    • Individual/Single Party Accounts
    • Joint/Multiple Party Accounts
    • With and Without Right of Survivorship
    • Agency Designation
    • Payable on Death
    • Adding and Deleting Signers
    • Acccess vs.Ownership at the Death of a Signer
  • Opening Accounts for Minors
    • Individual Account for a Minor
    • Joint Account with a Minor
    • Uniform Transfer Minor’s Account (UTMA)
Who Should Attend

All customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts and certificates of deposit. Excellent for supervisors or officers who have recently assumed the responsibility of the new account area but have never actually worked in new accounts. Internal Auditors and Compliance Officers will find the information exceptionally beneficial as well.

The Presenter

Suzette (Suzie) Jones, CFP® served as an Executive Vice President at a $50B regional financial institution where her responsibilities included the overall leadership and risk management of the $11B Investment Department which included the Trust Department. She was an active member of the organization’s Trust Committee, AML, BSA, Personal/Corporate, and Non-Bank Product Risk Committees. With over 40 years of experience in the financial industry, Suzie has focused her technical expertise on new account risk and investment management. Suzie brings technical information to life with her engaging training style, real life examples, and in-depth knowledge. She holds the Certified Financial Planner (CFP®) professional designation.

About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
Opening New Personal/Consumer AccountsCD/On-Demand$345.00

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