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Opening New Accounts II

Patrice Konarik


Patrice M. Konarik, CFP® is president and founder of Sunwest Training Corp. located near San Antonio, Texas. She has over 25 years experience in the banking industry specializing in Deposit Accounts and IRAs, and is currently providing training in these areas on a nationwide basis. Patrice earned her BS in Management from Binghamton University in New York and has been a Certified Financial Planner™ for 20 years.
Thursday, September 23rd, 2010
10:00 am - 12:00 pm CST
The Institute of Certified Bankers (ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The Opening New Accounts II has been approved for 2.50 CSOP, 2.50 CTFA credits. CTFA credits should be distributed as follows: 2.50 FID. This statement should not be viewed as an endorsement of this program or its sponsor.

It is no longer "okay" to open accounts for non-documented businesses. When you open a commercial account you should verify this is a legal business and who is authorized to transact business on behalf of that entity. In this two hour Webinar, we will investigate the types of business entities available in most states and who that "authority" person is to open the account and sign the resolutions.

It is highly recommended you have a copy of your financial institution's account agreement and resolutions nearby to follow along during the session. To customize it to your state law, you may also want to access your Secretary of State website to access information on forming business structures in your home state.

This is Part 2 of a two-part series. The first session is being held on September 2nd. You can attend both sessions or just one.

Covered Topics:

Understanding Signature Card Contracts and Proper Account Opening Procedures for:
  • Obtaining documentation for business accounts including:
    • Sole Proprietorships
    • General, Limited and Limited Liability Partnerships
    • Limited Liability Companies
    • Corporations
    • Nonprofit Associations and Charitable Organizations
    • Detailed Explanation of Business Resolutions (have a copy of your financial institution's resolution available during the training session)
    • Court-Ordered Accounts including Estates and Guardianships

Plus frequent question and answer sessions throughout this presentation.

Who Should Attend?

All customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts and certificates of deposit. Excellent for supervisors or officers who have authority to "waive" documentation requirements. Internal Auditors and Compliance Officers will find the information exceptionally beneficial as well.

 

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