Opening Accounts for Nonresident Aliens

On-Demand Webinar:
StreamedNov 10, 2021Duration90 minutes
  • Unlimited and shareable access
    two business days after live streaming
  • 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

Special requirements. CIP. Tax reporting. Foreign taxpayer identification numbers.

You need to know about all these issues and more when opening accounts for people who are not US citizens.  You also must be able to differentiate between resident and nonresident aliens.  Get the knowledge you need with this jam-packed webinar.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Distinguish when a consumer is a resident alien or nonresident alien
  • Properly set up the W-8BEN for interest-bearing accounts
  • Identify which countries require a foreign taxpayer identification number
  • Start backup withholding even without proper documentation
  • Run your customer identification program

WEBINAR DETAILS

It all starts at account set up.  Nonresident alien accounts have special requirements.  In addition, the rules became more complex last year with the new requirement for a foreign taxpayer identification number.  Open these accounts with ease, beginning with this webinar that will explain how to:

  • Set up interest- and noninterest-bearing accounts on your signature cards and your system
  • Determine when the applicant is a nonresident alien
  • Properly complete the W-8BEN and all its fields

Don’t miss the chance to learn how to document, identify, and report a nonresident alien account. 

WHO SHOULD ATTEND?

This informative session will benefit staff in new accounts, branch operations, deposit compliance, and training.

TAKE-AWAY TOOLKIT

  • Withholding manual
  • NRA procedures
  • Employee training quiz
  • 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 agency is prohibited. Print materials may be copied for eligible participants only.

Presented By

Debbie CrawfordDeborah Crawford
Gettechnical, Inc.

This Webinar Appears In

© 2022 FINANCIAL EDUCATION & DEVELOPMENT, INC