Business Accounts: Setup, Management & Authority
On-Demand Webinar:
StreamedSep 20, 2023Duration90 minutes
- 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
Business accounts require special handling.
Owners need
and want a solid partner to handle their financial accounts and provide much-needed
products and services. Starting with the onboarding process, they want to have
confidence that they have chosen the best institution. Are you the right fit?
Take this opportunity to learn what goes into opening and managing business
accounts with confidence.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Identify the documentation needed to establish a business account
- Use the correct signature card and disclosures for legal entities
- Define the term Beneficial Ownership
- Explain which taxpayer identification number is needed based on the form of business
- Distinguish between owners and authorized signers
WEBINAR DETAILS
A lot goes into setting up and properly handling
business accounts. This webinar will look at the various structures a business
can take, the documentation required for each type, the documents necessary to
determine authority over the account, and the BSA beneficial ownership
requirements. Once opened, your institution is responsible for ensuring that
transactions are handled correctly and monitored for unusual or suspicious
activity. Oftentimes new or smaller businesses don’t clearly understand the
distinction between business and personal transactions or the institution’s
need to confirm the authority of persons attempting to transact on behalf of
the business.
This session will explore the entire process from onboarding to closing and everything in between. When would an institution need to request updated beneficial ownership or due diligence information? How should requests for changes in authorized signers be handled? What should be done when setting up accounts for multiple businesses operating under one tax ID number? Join us to learn the answers to these questions and more.
WHO SHOULD ATTEND?
This informative session
is designed for new accounts personnel, business relationship managers,
compliance staff, and auditors.
TAKE-AWAY TOOLKIT
- Business account opening checklist
- Business account questionnaire
- Business identity theft red flags list
- 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.
TESTIMONIALS
"Very thorough and even though I consider myself a business expert, I still picked up some key information. Very succinct and relevant."
- David,
OneAZ Credit Union
"I have been in the Financial Services Industry for almost 23 years and this was BY FAR the best explanation I have ever heard about Business Account Legal Documents and usage. I would have loved a training like this years ago when I first started working on Business Accounts. For those new to these documents, this training is a wealth of information. Very impressed! Extremely thorough information given in a professional delivery."
- Angela, Wyrope Willamsport FCU
"Mary-Lou is always great, her knowledge and experience is amazing!"
- Ellen, Fibre FCU
Presented By
Compliance Plus, Inc.
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC
