New Accounts Series: Opening Accounts for Nonresident Aliens
It all starts at account set up. Nonresident alien accounts have special requirements. In addition, the rules became more complex last year with the new requirement for a foreign taxpayer identification number. Open these accounts with ease, beginning with this webinar that will explain how to:
Set up interest- and noninterest-bearing accounts on your signature cards and your system
Determine when the applicant is a nonresident alien
Properly complete the W-8BEN and all its fields
Don’t miss the chance to learn how to document, identify, and report a nonresident alien account.
Distinguish when a consumer is a resident alien or nonresident alien
Properly set up the W-8BEN for interest-bearing accounts
Identify which countries require a foreign taxpayer identification number
Start backup withholding even without proper documentation
Run your customer identification program
Employee training log
WHO SHOULD ATTEND?
This informative session will benefit staff in new accounts, branch operations, deposit compliance, and training.
ABOUT THE PRESENTER – Deborah Crawford, Gettechnical Inc.
Deborah Crawford is the President of Gettechnical Inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.
Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.
Live – $245
Recorded and Digital Download – $245 plus tax
Live, Recorded and Digital Download – $320 plus tax