Online Account Opening

During this program we will cover all the compliance issues for opening deposit accounts online. This includes Customer Identification Program (CIP), Federal Regulations, Signature Cards, Signatures and new Customer Due Diligence (CDD) rules.

Covered Topics

  • Customer Identification Program
  • New Customer Due Diligence Rules
  • IRS withholding rules and W-9 and W-8BEN issues
  • Documentary and nondocumentary procedures
  • New Customer Due Diligence Rules
  • Esign
  • Special accounts like IRAs and HSAs
  • Disclosures, state laws and signature card issues
  • Ownership of funds

Who Should Attend?

Deposit Operations, Branch Administration, Training, Operations, Compliance and BSA Officers.