Opening Minor Accounts Webinar

We love our minor accountholders and yet’ it is sometimes hard to know what we can do and what we can’t do for those who are under age at our bank.

It is always disturbing when minors have the authority to transact business in the bank because in many states the minor is not responsible for his or her actions on deposit contracts. During this program, you will learn how to answer your adult account holder’s questions on how to set up accounts for grandchildren, for college, for other reasons to set up minor accounts. In this program, we will review the basic legal ownerships you may offer for your minor customers. We will talk about how to transition them into adult accounts. We will look at do’s and don’ts of account card set up for minors. You will be challenged to look at old practices, how to handle checks, when to give access and so much more in this information packed program. You won’t want to miss this A to Z on minor accounts.

The “Opening Minor Accounts” has been approved for 2 CAMS credits. Credits are redeemable for Live attendance only. Users must connect to the streaming individually and enter their name and email for reporting purposes. Accreditation is valid for one year from the date of the event. To receive a certificate, email Streaming@OnCourseLearning.com.

Covered Topics

  • All the types of legal ownership for Minors: UTMA, CESA, Multiple Party Accounts, Minors alone in some states
  • What happens and what is the liability when you put minors in checking accounts with debit cards? What about debit cards on UTMA, Social security accounts and guardianships?
  • Can a minor get information on a UTMA, Social Security Account, or Guardianship Account?
  • Can a minor negotiate checks made payable to him or herself?
  • Old stylings like ‘minor by’ that can give big headaches
  • Can you require two signatures on minor accounts? Can you let a minor sign a contract?
  • What happens when the minor dies on an account? What happens when the adult passes away?
  • Can minors take over the account at a certain age?
  • Hotspots and troubling issues when you open accounts for minors

Who Should Attend?

Customer service representatives, personal bankers, call center representatives, branch managers, tellers, branch operations, and training.

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.

View Delivery Options

Related Topics

Instructor

Deborah Crawford
Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit R... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Opening Minor Accounts0.25 Any AnyWebinarSix Month On-Demand Recording Deborah Crawford$295.00 Register Now
Opening Minor Accounts0.25 Any AnyWebinarCD-ROM Video Recording Deborah Crawford$345.00 Register Now
Delivery Options

LIVE WEBINAR:
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!

SIX MONTH ONDEMAND VIDEO:
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.

CD-ROM VIDEO:
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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