CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
Understanding
endorsements and handling checks is crucial to making sound check cashing
decision. A check is a unique type of contract where ownership can be
transferred by way of the endorsement on the back of the item. This program
will look at who has the right to endorse the back of the check and where
is proper endorsement placement. We will also look at what happens if a
check is not endorsed properly, when it may be best not to accept the check
at all due to missing or problem endorsements and why we do not put
business checks into personal accounts and why we do not give less cash on
business accounts. Many “tricky” issues will be discussed, such as deceased
customers, business accounts, endorsements for minors, income tax check
endorsements, trustee endorsements and endorsements by powers of attorney.
Learn the safe way to handle checks and be sure that you and your financial
institution can be protected from loss on the negotiable instruments. You
will not want to miss this webinar! The information provided will produce
confidence and a thorough understanding of the legal issues of
endorsements.
Covered
Topics:
- Who is the person entitled to endorse the check?
- What is a valid endorsement?
- Bearer verses Order Checks
- Who is the holder of a check, and what is the
holder in due course?
- Ambiguous endorsements
- Endorsements for minors, deceased parties, business
accounts
- Witnessed endorsements
- Check cashing issues for business accounts
- Endorsements on income tax checks
- Trustee and power of attorney endorsements
- The simplest rule about checks that will save your
financial institutions thousands of dollars!
- The connections between checks and account
agreements if you have not signed the signature card you cannot get
the money
- Postdated, stale dated, erasures, alterations and
more lessons we need to learn
- Why your institution needs to know about the
negligence rule and the bank statements rule
- Should we check endorsements and sent them back as
“missing”?
- Treasury checks, postal money orders and other
special checks
- Why we absolutely do not give cash back, cash or
deposit into personal accounts checks made payable to a business.
Who
Should Attend?:
This
webinar will benefit tellers, head tellers, cashiers, managers, branch
operations, bookkeeping, compliance officer who approve checks and deposit
representative who work with checks and accounts. Please forward email to appropriate
person(s).
Instructor:
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.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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