Opening Consumer Deposit Accounts: Disclosures, Documentation & Details

Opening even a basic checking account can be an exercise involving considerable time, paperwork, and risk! Every consumer’s situation is different and there is often uncertainty about account ownership, the required identification, and how to conduct appropriate due diligence. Meeting the regulatory requirements while communicating all of the products and services your financial institution offers and striving to provide a positive service experience throughout the process can be a daunting task.

In this jam-packed session we will review the issues for ownership and documentation of personal consumer accounts. We will run through the account opening process from starting blocks to finish line and all the hurdles in between. We will identify best practices for documenting appropriate due diligence for high-risk accountholders. And…we will provide you with loads of tools to utilize in your account opening process!