Business Deposit Account Documentation and Requirements 2017 is a webinar that covers topics such as:
- 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?
Business Deposit Account Documentation and Requirements 2017 is intended for:
- Account Managers
- Tellers
- Personal Bankers
- Operations
- BSA / AML Officers
- Compliance Officers