Frontline Series: Opening Deposit Accounts for Nonprofit Organizations
Nonprofit accounts can be uniquely challenging. This detailed webinar will explain everything you need to know in lay terms. Learn how to compliantly breeze through each interview and account opening and efficiently hurdle through CIP, CDD, EDD, BSA, ID numbers, and beyond.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Set accounts up for CIP, CDD, and EDD compliance
- Risk rate charitable and civic accounts
- Ask specific questions in the new account interview to determine purpose
- Understand how the IRS wants these accounts reported
- Compliantly set up online banking, debit cards, and other electronic products
- Properly construct resolutions and signature cards
- Maintain account changes as officers and signers move on
WEBINAR DETAILS
From clubs to campaigns, organization accounts have different rules and procedures for each. Learn how to set up various nonprofit organizations, associations, and corporations. This program is a must for those who open accounts for community, civic, and fundraising organizations. You will learn about CIP and CDD requirements and risk rating these accounts. The documentation and signature card dos and don’ts will be covered on each, so you can document authority, liability, and on-going signatory rights.
WHO SHOULD ATTEND?
This informative session is designed for new accounts representatives, branch staff, tellers who open accounts, loan officers, trainers, operations personnel, BSA staff, and compliance professionals.
