Business Deposit Account Documentation and Requirements 2017

Topics

• Why you cannot give money to someone who has not signed the signature card
• When small favors for customers can result in liability for the financial institution
• When must you retype the signature card and when can is it acceptable to make small changes
• Why checks have to match accounts
• Typos, whiteout, initialing and other issues that can cause your financial institution to suffer damages
• When does it matter which disclosures you make on new accounts?
• When failure to read and comply with the signature card contract can be significant-closing accounts, rights of offset, and other issues
• The impact of lack of signatures on your cards and how that affects FDIC insurance coverage
• Common errors on ownership types and how that can create big problems for the accounts of deceased depositors
• How to set up signers, powers of attorney and other important fiduciary relationships so you won`t confuse ownership
• Account stylings and taxpayer identification numbers-at $50 per error, how many can you afford?

Who should Attend

• Account Managers
• Tellers
• Personal Bankers
• Operations
• BSA / AML Officers
• Compliance Officers