Course Description and Audience
The Deposit Accounts and Services course provides the tools you need to effectively open deposit accounts and help potential customers make the best account choices. It will increase your understanding of the different types of account ownership. At the conclusion of the program participants will be able to: understand deposit investment counseling; state the account owner’s rights and responsibilities; examine new account precautions; compare savings, checking, money market accounts and certificates of deposit; define individual, joint, corporate, partnership and trust account ownership; understand contributions and distributions of Traditional, Roth, Education, SEP and SIMPLE IRAs; and accurately administer decedent accounts when an owner dies testate or intestate.
Textbook chapter topics include:
- The Role of the Account Representative
- Opening Deposit Accounts
- Types of Deposit Accounts
- Single Owner Accounts
- Joint Tenancy
- Other Multiple Owner Accounts
- Fiduciary Accounts
- Retirement Plans
- Decedent Accounts
Audience: Financial counselors, personal bankers, supervisors, managers, tellers and customer service representatives.
Diploma and Certificate Applications
Diplomas and Certificates Applicable to the Deposit Accounts and Services course: