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Opening New Accounts - Part 2


Upcoming
Beginner Friendly
DATE

Monday, March 16, 2026
2:30 pm - 4:30 pm

INSTRUCTOR

Matthew Dickinson

FORMAT

Webinar

$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Risk Management/Legal
  • Trainer

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Master the complexities of business account openings by setting a strong foundation of understanding the unique features of various business structures by diving into the diverse world of Business Structures, Taxation, and Proper TIN, conquering everything from sole proprietorships to LLCs and corporations. Understand why business owners choose specific structures, how the way a business is taxed impacts the required TIN, and when to use SSNs versus EINs. Learn the Essential Business Documents needed to open business accounts, from external documentation provided by a county or state authority to ensuring proper internal resolutions and signature cards are in place. Gain confidence in opening Basic Business Accounts, such as sole proprietorships and non-profits, before advancing to Complicated Business Accounts, where you'll navigate LLPs, LLCs, and corporate accounts with ease. Finally, tackle Advanced Business Topics like documenting multi-layered businesses and verifying Beneficial Ownership (BO) for complex organizations. This training will empower you to confidently handle any business account scenario, from the straightforward to the most intricate.

What You'll Learn

Section 1 - Business Structures, Business Taxation and Proper TIN

  • Overview of the multitude of business structures from Sole Proprietorship, LLCs, Corporations, and more
  • Understand why a business owner would choose one business structure over another
  • Understand how specific business structures limit an owner's exposure to their businesses' debts and legal claims
  • How businesses are taxed and how it directly impacts the required TIN
  • Understanding when companies can use SSNs vs. EINs

Section 2 - Business Accounts - The Role & Importance of External and Internal Documentation

  • How a business is formed at the county and state level
  • The difference between documentary and non-documentary verification
  • What is a good standing certificate, and why is it important?
  • What documents are needed to open accounts for foreign entities
  • What is a DBA (Doing Business As)
  • Necessary paperwork to update changes in a business structure's ownership
  • How an EIN IRS letter can be helpful in verifying a business
  • The critical importance of bank signature cards and resolutions
  • Risk of not having a properly executed resolution prior to opening a business account

Section 3 - Business Accounts - Basic Business Accounts

  • Sole Proprietorships, General and Limited Partnerships
  • Non-profit organizations, IOLTA accounts, and Public Funds

Section 4 - Business Accounts - Complicated Business Accounts

  • Opening accounts for LLPs, LLLPs, LLCs, and Corporations
  • Managing accounts when owners or authorized signers pass away

Section 5 - Business Accounts - Advanced Business Accounts Topics

  • Opening and documenting multi-layered business structures
  • Verifying Beneficial Ownership (BO) for complex organizations

Who Should Attend

This session is ideal for anyone responsible for customer-facing roles, particularly those involved in new accounts, customer service, and compliance. This includes tellers, personal bankers, account managers, branch managers, and compliance officers. Additionally, any staff responsible for opening and verifying new accounts, handling customer documentation, or ensuring regulatory compliance with rules such as KYC, CIP, and AML would benefit significantly from this training.

Matthew Dickinson

Instructor Bio

With almost two decades of banking experience ranging from opening new accounts and IRAs, lending, managing operational and lending teams, and serving in key executive management positions - Matt knows the benefit of strong frontline training and its role in managing operational, regulatory, and reputational risk. Effective 2024, Suzie Jones retired after five decades in the financial industry. Matt acquired Training Resources with the commitment to continuing the new account training programs and materials Suzie developed, recognized for its customization to state law and as one of the industry's most outstanding and comprehensive resources.
Matt is known for his expertise, approachability, sense of humor, and passion for providing knowledge to bankers so they can serve their banks' customers confidently while managing risk. He provides training through 16 State Bank Associations and nationally through OnCourse Learning, a web-based training platform. Matt enjoys family time with his wife and four daughters, cooking, and has completed three full Ironman triathlons, a testament to his dedication and patience; traits bankers can expect to experience when they interact with Matt.

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