Opening Accounts for Non-Resident Aliens

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.
Thursday, November 6th, 2008
1:30 pm - 3:30 pm CT
One of the more complicated aspects of opening accounts has been for nonresident aliens. All areas of the CIP get pulled into this issue including proper identification, tax identification numbers, and W-9 vs. W-8 certification. Also, the definition between a resident and nonresident alien can be a challenge. The intention of this workshop is to raise your comfort level when opening accounts for non-US accountholders.

It is highly recommended you have a copy of your financial institution's account agreement nearby to follow along during the session including a W-8BEN form.

What You Will Learn:

Understanding Proper Account Opening Procedures for:

  • Resident Aliens
  • Nonresident Aliens
  • SSN vs. ITIN
  • W-8 Specifics
  • OFAC Requirements
  • IRA Withholding for Nonresident Aliens

Plus frequent question and answer sessions throughout this presentation.

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 authority to "waive" documentation requirements. 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.


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