TTS Webinar: Opening Accounts for Social Security Representative Payees

on "May 15, 2020 10:42 am"

Your institution opens accounts for social security representative payees. Are you setting them up correctly? Should you issue debit cards? What money can go in and out of these accounts?

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Opening Accounts for Social Security Representative Payees

with Deborah Crawford
Thursday, May 21, 2020 • On Demand Available

Register Here

This important topic will be discussed in detail to help prevent your credit union from making costly errors in the account opening process. You will learn how to set these up on account cards, how to handle checks and other issues that come up with these accounts receiving federal benefits in them.
 
What You Will Learn
  • What is a representative payee?
  • Can the account be joint? Can the representative payee order a debit card?
  • Do these have to be savings accounts?
  • What can the representative payee use the account for?
  • If the representative payee gets money for more than one person, how is account set
  • up?
  • What if representative payee is a group home?
  • What if representative payee dies or resigns?
  • What happens if owner dies?
  • Can we give balances to beneficiary?
  • May the representative payee overdraw the account?
  • And many more questions and answers!
Who Should Attend?
 
This webinar will benefit tellers, share account representatives, business bankers, personal bankers, branch managers, training, and all front line personnel.
 
About The Presenter
 
Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations, and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.