Opening Complex New Accounts: 2-Part Series Webinar

This is a two-part series to be held on October 26th and 28th. The prices above include all sessions. Each session can also be attended individually by clicking on the links below.

Covered Topics

Opening Complex New Accounts Part I: Business Accounts
Opening business accounts can create angst! Sole Proprietorships owned by a married couple, LLCs owned by other entities, LLPs, General Partnerships, Limited Partnerships, and Corporations all can be quite complicated! Why are there so many different types of business entities? What is the securest way to determine who has the authority to transact on behalf of a business entity – especially when owed by another entity? Verifying if a business entity is legitimate and who has the authority to transact on behalf of an entity can be challenging. When can a business owner use an SSN vs. an EIN? When does a bank need a partnership agreement, bylaws, or operating agreement? How does FinCen fit into the picture? In this three-hour comprehensive webinar, participants gain confidence and a clear understanding of the regulatory, compliance, documentation, and proper TIN requirements for opening complex business accounts. This session, although thorough and robust, is not state law specific.

Opening Complex New Accounts Part II: Trust and Fiduciary
Fiduciary accounts are complicated! Formal Revocable and Irrevocable Trusts, Living Trusts, POD, UTMA, POA, Court Ordered, Guardianship, Conservatorship, Rep Payee, and VA accounts represent a Fiduciary relationship and an element of risk if not handled properly. It never fails to raise the panic level when someone dumps a binder full of legal documents on your desk and requests to open a “Fiduciary” account. To compound the complexity, on many occasions, the actual owner of the funds is not present. This three-hour comprehensive webinar, which is Part II of a two-part series, will thoroughly discuss the responsibilities of collecting appropriate documentation, titling accounts correctly, and allowing proper access to Fiduciary accounts not only during life but also at the death of a Fiduciary.

It is highly recommended you have a copy of your financial institution’s account agreement and signature card to use as a reference during the sessions.

Who Should Attend?

Customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts. Personal Bankers, BSA Officers, Deposit Operations, Branch Administration, CIP Managers, Training and Business Development Officers, Internal Auditors and Compliance Officers will find the information beneficial. Lending assistants and officers will find the information informative as well.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

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Related Topics


    Suzie Jones
    Suzie Jones

    Suzie Jones relates to her audience. For decades, Suzie opened new accounts, managed new account teams, and provided hands-on input to the AML and BSA Committees within the bank. With over 45 years of... read more.

    Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
    Opening Complex New Accounts: 2-Part Series WebinarWeb1465 Any AnyWebinarCD-ROM Video Recording Suzie Jones$345.00 Register Now
    Opening Complex New Accounts: 2-Part Series WebinarWeb1465 Any AnyWebinarSix Month On-Demand Recording Suzie Jones$295.00 Register Now
    Delivery Options

    INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

    With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

    If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.

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