CU Business Group’s Business Deposits 101 addresses the critical knowledge needed to open new accounts for all kinds of businesses. This is the starting point for controlling depository risk and ensuring compliance.
Some of the topics covered in this course include:
- Definitions of the many types of business entities
- Requirements when opening new accounts for businesses
- A definition of TINs, EINs, DBAs, and what you need for each situation
- Deposit risk management
- The right questions to ask
Suggested audience: Management, operations/compliance staff, branch managers, new accounts, and any
member service staff who open business deposit accounts.
Length: 35 minutes