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Deposit Compliance Training Courses

What Is Deposit Compliance

Deposit compliance refers to the rules and regulations governing deposits received by banks. These include rules for:
  • PrivacyDeposit Compliance Training
  • Savings, Checking, and Money Market accounts
  • Rules for credit cards, debit cards, and gift cards
  • Credit Reporting
  • Depository Services
  • Fair Lending
  • Foreclosure Prevention
  • Fraud Resources
  • Mortgages
  • Truth In Lending
What Are The Types Of Deposits In Banks?

There are several different types of deposit accounts, but essentially you have four types: savings accounts, checking accounts, money market accounts, and certificates of deposit (CDs).

Bank Disclosure Requirements

There are various federal laws and regulations relating to deposit compliance. There also are requirements for initial disclosures that must be given to new customers, periodic disclosures after the account is opened, error resolution procedures, and restrictions on advertising. Regulations governing these include:
  • Customer Identification Procedures
  • Customer Due Diligence
  • Regulation D: Deposits and Transfers
  • Regulation E: Electronic Funds Transfer Act
  • Regulation CC: Expedited Funds Availability Act
  • Regulation DD (TISA): Truth-in-Savings Act
  • Fair Credit Reporting Act Deposit Issues
  • Responding to Customer Complaints and Inquiries
  • Bank Sales of Insurance
  • Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

Deposit Compliance Training Courses

When you open a deposit account, many compliance issues come into play. These issues can cost your institution thousands of dollars in fines and liability if you do not realize how each piece fits.

Our Deposit Compliance training courses cover the various tasks involved with deposit compliance issues, including the rules and regulations, account opening procedures, overdraft practices, and other account management issues.

What You'll Learn From Our Deposit Compliance Training Courses:
  • Understanding the key elements of your RDC Program
    Deposit Compliance Training
  • Understanding the FFIEC Risk Management of RDC guidance
  • Customer due diligence and suitability
  • Key elements of an effective RDC and mRDC agreement
  • Effective onsite visits and customer self assessment questionnaires
  • Information security issues
  • Customer risk assessment importance
  • Thoughts and considerations for a mRDC program
  • Customer Identification Program-Identification and documents
  • IRS Name Control Match
  • NRA and W-8 BENs
  • Red Flags for Identity Theft
  • Regulation CC Holds on Deposit Accounts
  • Regulations Disclosures at New Accounts
  • Regulation GG Certification
  • ODP and Opt-IN for Regulation E
  • Adverse Action Notices
  • Common errors on account titling and ownership and checks
  • Overdraft practices
  • Complaint management programs
  • Online opening of accounts
  • W-8 BEN and W-8BEN E
  • What to do when the joint customers no longer want to be joint?
  • Who has the right to remove names at death?
  • How to close an UTMA account?
  • What to do when customer?s want to remove a signer?
  • What are the proper steps for adding a signer?
Find Deposit Compliance Training Courses

To find your desired Deposit Compliance training courses, either select a Recommended Course from the list below, or select "Deposit Compliance" and your state from the "Professional Development" section of the search box at the bottom of this page.

Recommended Training Courses:

Deposit Compliance Training Courses
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