$305.00 – $705.00
Date Recorded: August 18, 2022
Presenter: Natalie Straus, Vice President and Senior Consultant, ProBank Austin
Oftentimes a banker is confronted with opening an account with someone other than the actual customer. We have all heard of the term “fiduciary” but what does it really mean? How do we know if we are dealing with a fiduciary? A fiduciary is responsible for opening the bank account and overseeing the funds, although they usually don’t have any ownership interest in the account. This relationship is common when dealing with any type of trust or escrow account. You have fiduciary-related accounts in the form of Lawyer Trust accounts, Uniform Transfers to Minors Act accounts, and Decedent’s Estate accounts, among many others.
This webinar will walk you through what documents to obtain and how to properly style the account. We also discuss who has ownership and transaction authority in order to ensure that you are dealing with the right person when it comes to access and control over the funds.
HERE IS WHAT YOU WILL LEARN:
HERE ARE THE SPECIFIC ACCOUNT TYPES AND TOPICS WE WILL COVER:
This webinar is designed for all bank personnel opening new accounts, including those in audit, compliance, and operations. Those with training responsibilities will also benefit from this valuable webinar.
Prerequisite: Basic Knowledge of Deposit Regulations
Advanced Preparation: None
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.