Presented by: Deborah Crawford
Many financial institutions purchase signature cards and account agreements from vendors. Whether developed in-house or purchased, your institution's signature card and account agreement must conform to state law, meet IRS requirements on TIN certification, and provide required regulatory notices. They must also be completed correctly with accurate account styling and proper signatures.
What is in this signature card and account agreement? Why is it so important that the staff completes it properly? What are the repercussions of noncompliance? We will answer each of those questions as we discuss the following topics:
- A look at W-9 and W-8 requirements
- UCC 3 and 4 issues on the account agreement
- Rights at death-who owns what when an account owner dies
- TINS: SSN, EINs and ITINS
- Titling and the IRS match
- Regulations CC, DD, E, P and Substitute Checks
- Business versus consumer accounts
- Ownership types and choices-sample signature cards
- Set-off, arbitration, closing accounts, legal legends and more
What you will receive:
Who Should Attend:
New Accounts, Deposit Operations, Deposit Compliance, branch personnel, personal bankers
About the Speaker: Deborah Crawford is the President of gettechnical inc, a Baton Rouge-based firm, specializing in the education of banks and credit unions across the nation. Her 23+ years of banking and teaching experience began at Hibernia National Bank in New Orleans . She graduated from Louisiana State University with both her bachelor's and master’s degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.
This program was recorded in its entirety on April 2017. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.
This product was added to our catalog on Monday 13 June, 2011.
