Frontline Series: Minor Accounts: Ownership, CIP, Access, Changes & Transactions

April 23, 2025

Compliance Frontline & New Accounts Human Resources

Live Webinar:

DateApr 23, 2025Duration90 minutes

12:00 PM PDT01:00 PM MDT

02:00 PM CDT03:00 PM EDT

Unlimited connections for your institution
Available on desktop, mobile & tablet
Take-away toolkit
Presenter’s contact info for questions

On-Demand Webinar:

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Minor accounts can lead to major questions.

For example, is a minor responsible for their actions on deposit contracts? How do you answer all the adults’ questions about different account types? This jam-packed webinar will answer those questions and provide the guidance you need to address regulatory compliance for CIP, CDD, joint accounts, UTMAs, tax reporting, education savings accounts, and more.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Know when to obtain ID and comply with CIP and CDD
Complete tax reporting appropriately
Understand the styles of ownership
Distinguish when money can be given to the minor and when it cannot
Review UTMA, Social Security, and Coverdell Education Savings Accounts
Describe how to turn money over to minors at appropriate ages
Properly complete signature cards and comply with all federal laws

WEBINAR DETAILS

Minor accountholders are great, and yet it is sometimes hard to know what can and can’t be done on their accounts. It can be confusing when minors have authority to transact business in a financial institution because in many states a minor is not responsible for their actions on deposit contracts. During this program you will learn how to answer adults’ questions on how to set up accounts for children, grandchildren, college, and more.

This program will review the basic legal ownerships that may be offered to minor accountholders, including the dos and don’ts of account card set up for minors. You’ll learn how to complete CIP and CDD procedures and be challenged to look at old practices, how to handle checks, when to give access, how to transition them into adult accounts, and so much more in this information-packed program. Don’t miss this A to Z on minor accounts.

WHO SHOULD ATTEND?

This informative session is designed for new accounts staff, compliance personnel, tellers, trainers, BSA professionals, and marketing staff.

TAKE-AWAY TOOLKIT

New accounts handbook
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Deborah L. Crawford

Gettechnical Inc.

This Webinar Appears In

Frontline Series