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Opening Accounts for Nonresident Aliens

Nov 10 2:00 PM - Nov 10, 2021 3:30 PM
Nov 10, 2021 2:00 PM - 3:30 PM
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Special requirements. CIP. Tax reporting. Foreign taxpayer identification numbers. You need to know about all these issues and more when opening accounts for people who are not US citizens. You also must be able to differentiate between resident and nonresident aliens. Get the knowledge you need with this jam-packed webinar.

Learning Objectives

  • Distinguish when a consumer is a resident alien or nonresident alien
  • Properly set up the W-8BEN for interest-bearing accounts
  • Identify which countries require a foreign taxpayer identification number
  • Start backup withholding even without proper documentation
  • Run your customer identification program

It all starts at account set up. Nonresident alien accounts have special requirements. In addition, the rules became more complex last year with the new requirement for a foreign taxpayer identification number. Open these accounts with ease, beginning with this webinar that will explain how to:

  • Set up interest and noninterest bearing accounts on your signature cards and your system
  • Determine when the applicant is a nonresident alien
  • Properly complete the W-8BEN and all its fields

Don’t miss the chance to learn how to document, identify, and report a nonresident alien account.



Deborah Crawford, Gettechnical Inc.

Deborah Crawford is the President of Gettechnical Inc., a Florida based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.

Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.


Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Compliance