Start Date: 8/27/2024 9:00 AM MDT
End Date: 8/27/2024 10:30 AM MDT
Location:
United States
Financial institutions routinely open deposit accounts for consumers and businesses and the rules for providing account disclosures, deposit agreements, and signature cards are well established. However, the legal and compliance issues involved with closing accounts are often more complicated.
Why? Because they may involve sticky situations such as accountholder death, suspected fraud or money laundering, disputes between account owners, and requests to levy funds. This session will address two focal areas: the challenges of closing or changing consumer accounts and specific complexities regarding various ownership categories of business deposit accounts.
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