The safe deposit operation is a unique, fast-changing service in the financial industry. It's the only service in which members of your staff don't know the value of a consumer's assets. As a result, every vault transaction can lead to considerable liability. Effective procedures and sound daily practices can counteract and minimize this risk. This webinar covers the "nuts and bolts" and recommended day-to-day operating procedures for your institution.
David McGuinn, a nationally recognized expert in the safe deposit area, will provide clear, concise answers to all the basic or complicated questions regarding your institution’s responsibility, liability, and daily operating procedures. In addition, you will receive information about many current safe deposit lawsuits and other nationwide horror stories.
Test Your Procedures:
Answer: (Y) YES (N) NO (NS) NOT SURE to review your internal procedures.
Answers OPERATIONS, LAWSUITS & LIABILITY ISSUES:
_____ Can box keys be duplicated using silly putty and epoxy glue?
_____ Will your part-time attendant make a good courtroom witness?
_____ Are there at least ten items included in your new box renter's kit?
_____ Are you aware that having box numbers on keys will create liability?
_____ Are you following the ten necessary steps when granting box access?
_____ Can FDIC/NCUA signs, logos, or brochures create safe deposit liability?
_____ Are you completing the required Beneficial Ownership of Legal Entity Form?
_____ Are you providing a "No Insurance Disclosure Notice" to all new box renters?
_____ Can you purchase locksmith tools on eBay that will open boxes in seconds?
_____ Do you know why you will lose a lawsuit if you leave anyone in your vault alone?
_____ Do you require five types of identification from every signer on a new box contract?
_____ Are you aware of your liability if box access is allowed "before or after" lobby hours?
How did you do on the test? This presentation addresses these issues and much more.
Who Should Attend:
This informative program will benefit your (current or new) full and part-time vault attendant, safe deposit supervisor, compliance officer, and internal auditor.
David P. McGuinn, President of Safe Deposit Specialists, is a former banker with over 50 years of financial experience and is often referred to nationwide as the safe deposit GURU. s a consultant he has trained over 350,000 safe deposit personnel since 1969 in programs offered in all 50 states. Dave is past president of the American Institute of Banking and the American, Texas and Houston Safe Deposit Associations. He has written numerous financial articles and has been interviewed by The New York Times, Wall Street Journal, Readers Digest, Money Magazine, New York Magazine, Fortune Magazine, Washington Post, Associated Press, AARP, Bottom Line Financial, National Public Radio (NPR), British Broadcasting Corp. (BBC), Inside Edition, Crime Watch, Court TV, CUNA, FDIC, CNN, FOX, CBS, ABC, NBC Nightly News and many other financial publications regarding current safe deposit issues. He was also a featured speaker for the American Bankers Association, Independent Community Bankers of America and National Association of Federal Credit Unions, and over 100 other nationwide financial associations. McGuinn has created numerous training videos, DVDs, policy and procedure manuals, and many other unique safe deposit regulatory and compliance products. His safe deposit resources are often considered the accepted standard for the financial industry.
- “Live” Web connection - $265
- 6-month “OnDemand” website link only - $295
- CD-ROM and e-materials only - $345
- Live plus OnDemand website link - $365
- Premier Package: Live, OnDemand link, and CD-ROM plus - $395