New Account IDs: The Choice is Yours


Presented by: Deborah Crawford

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Bankers have been using documents to verify new customers' identities for a lot longer than the October 2003 CIP rule has been in effect. It has long been a best practice to verify identity at some level whether a bank is anticipating opening a new deposit account or extending credit. But just what types of identification should banks rely upon in their efforts to assure themselves of their customers' true identity?

You start by understanding what types of ID potential customers are likely to have, how reliable they are, and the information that each provides.

Let's look at all the different types of identification and TINs to open accounts. In this program, we will look at the good, the bad and the ugly forms of identification. You will want to use this time to relook at your Customer Identification Program list of identifications and determine if it is up to speed for your market. We will also exam the three types of social security cards issued, ITINS and the new procedures and numbers for ITINs and many other new account opening identification and tax reporting issues.

What you will learn about during this presentation:
  • Driver's licenses and non-driver's ID cards
  • Consular cards: How issued and when renewed
  • TWIC Cards: Who gets them and when they are issued and renewed
  • Resident alien cards
  • Passports
  • 32 driver's licenses from Mexico and Canadian driver's licenses
  • Hunting licenses and gun cards
  • Tribal identification cards
  • Marriage and divorce name changes
  • Working with Amish customers
  • SSN, EIN and ITIN: Who gets what
  • How the IRS matches names and what can go wrong
  • Your check cashing policy versus your account opening procedures
Who should attend?
New Accounts, Branch Managers, Customer Service Representatives, BSA Coordinators and Officers, Training, Personal Bankers, Financial Service Representatives, Deposit Operations and all frontline personnel.

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 27 plus 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.

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CD-ROM Includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in April 2014. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_idprogram0614
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 27 February, 2014.

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