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Course/Product Description
Title:

Opening Minor Accounts: Legal Ownership, Debit Cards and Access

SKU:WT-1001162
Format: Webinar
Description:

You love your minor account holders and yet... it's sometimes hard to know what you can and can't do for those who are underage at your bank. It's always disturbing when minors have authority to transact business in your bank because in many states minors aren't responsible for their actions on deposit contracts.

Learn how to answer your adult account holders' questions on how to set up accounts for grandchildren, for college, and for other minor-related accounts. We'll review basic legal ownership you may offer your minor customers. We'll discuss how to transition them into adult accounts. We'll also look at do's and don't's of account card set-up for minors.

You'll be challenged to look at old practices, how to handle checks, when to give access and so much more in this information-packed program. Don't miss this A to Z on minor accounts.

Topics Covered:

  • All the types of legal ownership for Minors: UTMA, CESA, Multiple Party Accounts, and Minors alone in some states
  • What happens and what is the liability when you put minors in checking accounts with debit cards? What about debit cards on UTMA, Social security accounts and guardianships?
  • Can a minor get information on a UTMA, Social Security Account, or Guardianship Account?
  • Can a minor negotiate checks made payable to himself or herself?
  • Old stylings like "minor by" that can create big headaches
  • Can you require two signatures on minor accounts? Can you let a minor sign a contract?
  • What happens when the minor dies on an account? What happens when the adult passes away?
  • Can minors take over the account at a certain age?  
  • Hotspots and troubling issues when you open accounts for minors

Who Should Attend?
Customer service representatives, personal bankers, call center representatives, branch managers, tellers, branch operations, and training

The Presenter:
Deborah Crawford is President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She earned a Bachelor and Masters from Louisiana State University.

Licenses / Designations / Educational Credits:CEU
All US States: 2.5
All Canadian Provinces: 2.5
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 Deposit Accounts for MinorsCD/On-Demand$325.00

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