Establishing Commercial Deposit Accounts

Recorded Date: March 12, 2026
Presenter: Natalie Straus, CRCM, Director, Forvis Mazars, LLP.

Commercial deposit accounts require unique considerations. To properly establish a deposit account for the business customer, a financial institution has to be familiar with various types of business organizations, key regulatory requirements, and best practices. In this ninety-minute webinar, we will establish a foundation of knowledge and recommendations to help your institution create and enforce sound policies and procedures in connection with these account types.

Here’s What You Will learn

• FCRA requirements in connection with business accounts
• Definitions for business entities, such as sole proprietorships, corporations, partnerships and limited liability companies
• Beneficial Ownership requirements for legal entity customers
• Examples of documents used to verify identity and establish account transaction authority.