New Accounts Manual Flashcards
How many account products can be selected & opened per account opening session?
10 and Debit cards must be the last account type.
What is the best way to remove an owner from an existing account?
The best way is to close and reopen a new account.
Who can sign off on an Account Owner Removal document if the customer wishes to maintain the same account number?
An Officer
What are the closing account Tran codes?
Checking 061
Savings 161
How does a customer open an HSA account?
A banker will fill out the form in BPM and then submit it to Omnify
What are the 3 parts of CIP?
Notify
Identify
Verify
Identify
-Legal Name
-Physical Address
-Date of Birth
-Taxpayer Identification Number (SSN/ITIN)
Verify
- Drivers License
-State Id
-Military ID
-Passport
-Tribal ID
What forms of verification can be used for college or university students?
-Current student/faculty ID
-Current university/college housing contract
-Current University/college acceptance letter
What does CDD stand for?
Customer Due Diligence
Need to complete for all:
US Citizens
Us resident aliens
W-9
Complete for all:
Non-US Citizens
Non-resident aliens
Non-Us residents
W8-BEN
Definition of a minor
Any individual under the age of 18 opening an account in the state of Nebraska and Kansas
What information can be used to verify a minor?
-Learner’s permit
-Certified birth certificate
-Social security card
-Current school ID
What are 3 things to keep in mind when titling a new account?
-Identity
-Authority
-Intentions
The funds in the account are owned and controlled by one person.
Single Party
Funds are owned and controlled by one person, and the owner elects to have a beneficiary(ies) named in event of death.
Single Party with Payable on Death (POD)
Account is owned by two or more owners with funds going to the surviving owner in the event of a death.
Multiple Party with Survivorship (MPWROS)
Account owned by two or more owners and has a beneficiary(ies) named
Multiple Party with Survivorship and Payable on Death (MPWROS & POD)
Account with two or more owners where funds are divided according to each party’s contribution upon event of death.
Multiple Party without Survivorship (MPWOROS)
When do we run E-Funds?
on every new (non-customer) owner/signer
What information do we need to collect to identify a minor?
-Legal name
-Physical address
-Date of birth
-Taxpayer ID number (babies included)
What do we need if a minor has no acceptable form of ID?
A parent/grandparent/guardian must be included as a co-owner/co-signer on the account, and we must have full CIP.
How do you release a stop payment submitted thru UBTGo?
Email #Input-Desposit services with the following:
-Customer Name
-Account Number
-Check number
-Check amount
What does CIP stand for?
Customer Identification Program
If a customer is declined by eFunds what must they receive?
Notice of Action taken
What may be used in place of TIN for International CIP?
-ITIN or SSN (work purposes only)
-Non-Us Passport
-Consular card
-Perm Res Card
-US Employment Auth Card
-Visa
