Opening Personal Accounts – Legal Ownership, SSN, ID and CIP


Account holders ask the most amazing questions. Can I take my boyfriend off my account? What happens when I die? How can I make sure my grandson gets the money at my death? This webinar takes a look at the legal issues of opening personal accounts. It will start by building a framework for addressing these questions without giving tax or legal advice. Beginning with the signature card contract and identification issues under customer identification programs, we will cover single party accounts, authorized signers, joint accounts, removing and adding owners and other questions.

Program Highlights
• Customer identification program issues
• Identity theft red flag requirements for new and existing accounts
• Federal disclosures required
• Signature card contracts and agreements
• Removing and adding owners
• Single party accounts
• Multiple party accounts
• Pay on death accounts and in trust for accounts
• Survivorship issues
• What happens at the death of the owner
• Do’s and don’ts of white out and highlighting

Who Should Attend
This informative session will be useful for new account representatives, customer service representatives, member service representatives, branch administration, branch operations, branch managers, personal bankers, compliance, BSA and anyone who opens new accounts.

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 Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor’s and master’s degrees from Louisiana State University. She has over 30 years of combined teaching and banking experience.