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SDBA 2020 New Accounts Seminar - RESCHEDULED
Wednesday, October 14, 2020, 8:30 AM - 3:45 PM CDT
Category: SDBA Events

SDBA 2020 NEW ACCOUNT DOCUMENTATION & COMPLIANCE

Holiday Inn & Suites Sioux Falls - Airport
2040 West Russell St
Sioux Falls, SD 57104

RESCHEDULED
New Date - October 14, 2020

The health and well-being of our members is the SDBA's top priority. The New Accounts Seminar scheduled for April 8 has been postponed to October 14 at the Holiday Inn & Suites Sioux Falls - Airport.  For those already registered, your registration will carry forward.  If the new dates do NOT work for you, contact our office at 605.224.1653 or [email protected] for a refund. 

DESCRIPTION

With constant new regulations, complex business account multi-level structures and the growing popularity of trust accounts, the necessity for ongoing new account training is paramount. Banks must carefully maintain diligence as well as update processes and procedures. This full-day program is the most comprehensive seminar offered on the topic of deposit accounts. The presentation provides answers to many of the more complicated and difficult questions asked by customers and staff. The detailed manual, included in the registration and customized to state law, has become known as an invaluable resource for banks across the state. These workshops are highly interactive. Come prepared to get your questions answered!

                   

WHAT WILL BE COVERED

Business Accounts
  • Proper Account Title, CIP Requirements
  • Business Account Documentation Requirements
  • Sole Proprietorships; General Partnerships; Limited Partnerships; Limited Liability Partnerships; Limited Liability Limited Partnerships; Limited Liability Company; Corporations; Non-Profit Social Club and Associations; IOLTA; Escrow; Public or Governmental Units
  • FinCEN – Beneficial Owner Due Diligence
  • Documenting Layered Organizations

Consumer Accounts

  • Joint and Single Party – WROS/WOROS
  • Authorized/Convenience Signer Designation
  • Power of Attorney
Trust, Fiduciary, Minor and Court Ordered Accounts
  • Opening Accounts When the Owner Is Not Present
  • Why are Living Trusts So Popular?
  • Understanding Authority of Parties to a Trust
  • Six Key Pieces of Information for Trusts
  • Formal Revocable & Formal Irrevocable Trusts
  • Payable on Death Accounts (POD/ITF)
  • TIN Compliance for Trust Accounts
  • Uniform Transfer to Minor’s Account (UTMA)
  • Estate Accounts
  • Guardianship/Conservatorship Accounts
  • SSA Payee and VA Fiduciary Accounts

REGISTRATION FEE

  • Registration: $275
  • Non-Member fee: $375

Registration fee includes $30 for meals and breaks. This information is provided for your tax records, in keeping with the IRS 50 percent deductible provision under Section 274 (n) of the Internal Revenue Code.

Cancellation Policy: 100% refund if canceled on or before 10/07/20; 75% refund if canceled 10/08 – 10/10; no refund if canceled 10/11 – 10/14. Substitutions allowed at any time.

SCHEDULE

8:30-9:00 am Registration
9:00-12:00 am Program
12:00-12:45 pm SDBA host luncheon
12:45-3:45 pm Program continues

WHAT TO BRING

  • Signature card and resolutions
  • Account Terms and Conditions

WHO SHOULD ATTEND

Operations officers, compliance officers, new account representatives, CSRs, new accounts supervisors, branch managers, trainers, auditors and back office personnel who support the deposit account area. At least 85% of this information also impacts the lending area.

SEMINAR PRESENTER

Suzette “Suzie” Jones, CFP®, Training Resources Consulting, LLC. Managing Member with over 40 years of banking experience, Suzie has a reputation as not only being extremely knowledgeable but has a unique ability to take technical information and make it interesting and applicable. After 22 years, Suzie recently retired as an Executive Vice President from a large regional bank where she provided overall leadership and risk management to the $11B Investments Division. Suzie has a unique perspective and appreciation for how difficult and complicated opening new accounts can be. For decades Suzie opened new accounts, managed new account teams, and provided hands-on input to the AML and BSA Committees within the bank. She partners nationally to provide new account training for banks, credit unions and currently works with 13 State Bank Associations. Suzie holds the Certified Financial PlannerTM designation.

HOTEL INFORMATION

Holiday Inn & Suites Sioux Falls - Airport
2040 West Russell St. – Sioux Falls
605-331-2040