Opening Consumer and Commercial Accounts--Understanding Which “Box” to Check on the Signature Card

Patrice Konarik

Patrice M. Konarik, CFP is president and founder of Sunwest Training Corp. located near San Antonio, TX. She has over 25 years experience in the banking industry specializing in Deposit Accounts and IRAs, and is currently providing training in these areas for many organizations on a nationwide basis. Patrice earned her BS in Management from Binghamton University in New York and has been a Certified Financial Planner for over 20 years.

Tuesday, September 23rd, 2008
10:00 am - 12:00 pm CT

Whether you are still typing signature cards or using the electronic version of the account agreement which prints off your system, it’s always a challenge understanding the choice of account ownership and what it really means. In this two hour webinar we will explore the options of account ownership and when to use each one.

The following questions will be thoroughly discussed and answered:

Regarding Consumer Accounts:
- What is the difference between an individually owned account and an individual ownership designation on an account?
- What responsibility does the financial institution have regarding payout on Joint – No Survivorship accounts at death?
- Where do authorized signers or agents sign on the account agreement and what is their capacity?
Regarding Business Accounts:
- How should sole proprietorship accounts be titled?
- Can LLCs use a single member’s social security number on an account and what name(s) should appear in the title?
- Can a corporation do business under another name?
- What is our risk in allowing businesses to cash checks instead of depositing them into a business account?

You are encouraged to have a copy of your account agreement, signature card and business resolutions handy to reference during the webinar.

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.

Sign Up!

On-Demand Recording Only - $255: Unlimited playback & materials only. If you are unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.