Opening Deposit Accounts: Business Accounts
Account opening takes well-trained personnel whose efficiency requires expertise and clear guidelines. This 3-part series focuses on the best methods for opening and maintaining deposit accounts for all your customer contact personnel. The last session in this series will discuss Business Accounts.
Employees who open deposit accounts face real challenges. This seminar explains the most common forms of organization business customers use: sole proprietorships, corporations and LLCs. Why would customers choose to operate a partnership, rather than a corporation? What’s a limited partnership? Which entities must register with the state? What is the significance of a “DBA” or “assumed name” registration? When do we need a “resolution”? These issues are all addressed.
While the program’s focal points are documenting existence and authority, it also addresses:
- Obtaining taxpayer identification numbers and certifications,
- NOW account eligibility,
- Disclosures required at account opening,
- Documenting and fulfilling your bank’s CIP requirements,
- Verifying the identity of signatories, and
- Significance and proper completion of resolution.
Personnel who routinely open deposit accounts or supervise, audit or review the process. Content is at the basic or intermediate level. It does not reflect the laws of a particular state.
Laura Wilson, Pegasus Educational Services, LLC
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 hours/session CRCM
Member price: $265.00 | Non member price $530.00
Member price: $280.00 | Non member price $560.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
- Preferred Payment Method: Online
- Please register online or by phone when paying with a credit card
- Payment Must Accompany Registration – Invoices are Not Provided
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.