Historically, the signature card was a small 3×5 index card where we housed sample signatures for our account owners. Today, the signature card and account agreement house the W-9, proof of receipt of federal disclosures, state ownership, and many of the legal issues of checks. It is an amazing document and varies some from state to state and financial institution to financial institution.
This program is designed to help you break down and understand your signature card and account agreement. It will help you understand and build better relations with your account holders.
What You’ll Learn
- Basic signature card components
- Altering contracts
- Ownership issues on single party accounts
- Authorized signers, cards without signatures
- Removing joint owners and changing signers
- Joint accounts with mixed conjunctions
- What happens when you forget to check a box
- State requirements of rights at death and initialing type of ownership
- POD accounts without beneficiaries
- Power of attorney’s changing ownership to benefit his or herself
- UTMAs with authorized signers
- UTMA with joint owners
- Learning more about the old style “Minor by” accounts
- What is my job on the contract as withholding agent?
Who Should Attend
This webinar will benefit new account representatives, personal bankers, branch managers, branch operations, customer service representatives and training personnel.
