FIND YOUR TEMPLATE. FAST AND EASY!

New Accounts Policy

$175.00

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.

Description

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:
10/01/18 Update
Exceptive Relief from Beneficial Ownership Requirements for Legal Entity Customers of Rollovers, Renewals, Modifications, and Extensions of Certain Accounts
09/04/18 Update
Extension of Limited Exception from Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Rollovers and Renewals – FIN-2018-R003
06/04/18 Update
FFIEC Issues New Customer Due Diligence and Beneficial Ownership Examination Procedures

This New Accounts Policy Template (approximately 31 pages) is available to purchase from BankPolicies.com in Microsoft® Word format for $175.00.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

You may also like…