New Accounts Policy
This New Accounts Policy provides 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
This New Accounts Policy (approximately 32 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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