New Accounts in Illinois

Hybrid Event  
Wednesday, April 03, 2024 9:00 AM - 3:00 PM   iCalendar Central Standard Time

Hybrid Delivery Options (select your preference when registering)

Wednesday, April 3, 2024 - IBA Center for Banking Excellence, Springfield OR Live-Streamed via Zoom 
9:00 a.m. - 3:00 p.m.

Opening a new deposit account constitutes entering into a contractual agreement. It is critical that both the new account representative and the customer understand the bank’s obligations along with the terms and conditions the customer is being asked to accept. The ability to clearly explain the terms, conditions, and benefits of the account significantly influences the customer’s impression of your bank and its services. In addition, there are updated regulatory requirements for obtaining beneficial ownership information on covered business accounts.

The primary focus of this seminar will be on the lifecycle of the account, including applicable Illinois and Federal requirements and regulations, including any updates to those regulations. This program will be interactive and encourage attendee participation. Join your peers to discuss the 2024 New Accounts in Illinois update and how it impacts your bank.


  • Understanding Regulation CC holds and scenarios
  • Regulatory and Illinois documentation requirements for fiduciary accounts and business accounts
  • Beneficial ownership and business account documentation requirements, including updates to reporting requirements.
  • Handling personal transactions conducted through business or fiduciary accounts
  • IRS W8BEN requirements for foreign customers.
  • Regulation E error resolution guidance and scenarios
  • Illinois state escheatment laws
  • Understanding notary versus Medallion guarantees

Tellers, head tellers, branch managers and administrators, new accounts representatives, compliance officers and staff, training staff, and others who manage or work the front line.

Robin Guthridge is a Director of Compliance for Wipfli LLP and the Bank Secrecy Act (BSA) compliance practice leader at Wipfli. She is a sought-after speaker for local, state, and national industry events and provides customized BSA and deposit compliance training solutions. Robin’s firsthand experience working in the financial services industry allows her to provide meaningful insight and helpful recommendations in the areas of BSA and deposit compliance.

Continuing Education
American Bankers Association (ABA) Professional Certifications has approved this program 
for 7.25 CRCM credits.

Per Person Fee
IBA Member $265
Nonmember $445

Hybrid Event  

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