Opening 40 Types of Deposit Accounts: CIP, Documentation, Procedures and More! Seminar OnDemand with Live Streaming

Attend the Opening 40 Types of Deposit Accounts: CIP, Documentation, Procedures and More! Seminar from the convenience of your own office via Live Streaming Video as it happens on Thursday, February 25th (9:00 am - 4:00 pm Central Time), or at your own convenience with 6 months of OnDemand playback.

It's 2021 and its time to write or update your new accounts procedures. There have been many developments and issues in the last year with beneficial ownership, tax reporting and legal documentation. This program will develop you into the exceptional new account representative that your institution needs or help you write the procedures your institution needs. You will receive a new account manual template that is over 600 pages of tips on how to run Customer Identification Program and Customer Due Diligence on over 40 accounts. Plus you will receive checklists, matrixes and other tools to help you develop your own tailored new account process.

Seminar Overview:

  • From Birth to death on 40 accounts
  • Types of identification that are acceptable
  • Issues with the military ID copies
  • Issues with online opening identification images
  • Nonresident alien issues on interest bearing accounts
  • What regulations disclosures go to what type of accounts
  • Writing your procedures, checklists, matrix for your state and your institution
  • Personal Accounts
  • Power of Attorney
  • Agents, Convenience signers, authorized signers
  • Uniform Transfer to Minors Accounts, joint accounts with minors, PODs to minors
  • Social Security and VA Accounts
  • Death and Estates
  • Tricky issues on formal trusts
  • Business Accounts
  • IOLTAs, Agents, 1031 Exchange
  • Nonprofits, charities, and benefit accounts

This is part one of a three part series. Find complete series information Here: 3 Day Deposit, BSA and Account Opening Update and Review Seminar OnDemand with Live Streaming

Training Day Agenda (Subject to Change)

  • 9:00-10:15am
    • Content followed by a 15 minute break and Q&A
  • 10:30-12:00pm
    • Content followed by a 45 minute lunch break and Q&A
  • 1:00-2:15pm
    • Content followed by a 15 minute break and Q&A
  • 2:30-4:00pm
    • Remaining content and final Q&A

Who Should Attend?

Deposit Operations, Deposit Compliance, Deposit Training, Customer Service Representatives, Branch Managers, Personal Bankers, Lenders and anyone who opens or handles different types of documentation for each type of ownership.