New Accounts Policy
The purpose of this New Accounts Policy Template is to provide guidelines for opening all types of new accounts within a bank, credit union, or other type of financial institution, including guidelines for acceptable identification, tenancy arrangements, and conducting over the counter transactions.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Required Disclosures – Topic 3
- Minimum Opening Balance Requirements – Topic 4
- New Account Screening – Topic 5
- Guidelines for Acceptable Identification and General Information – Topic 6
- Foreign Government, Embassies, or Political Figure Accounts – Topic 7
- Money Order Accounts – Topic 8
- NAICS Code Procedures – Topic 9
- Tenancy Eligibility – Topic 10
- Tenancy Arrangements – Topic 11
- Certificates of Fictitious Firm Names – Topic 12
- Assuring Collected Funds for Deposit – Topic 13
- Assigning Account Numbers – Topic 14
- File Requirements – Topic 15
- Reports and Callback Procedures – Topic 16
- Statements – Topic 17
- Powers of Attorney – Topic 18
- Facsimile Signatures – Topic 19
- Retention of Documentation – Topic 20
Recent updates to this product:
FFIEC – Revised FFIEC BSA/AML Examination Manual
Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts
This New Accounts Policy Template (approximately 32 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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