Get Deposit Account - Risk Rating Form - Bankersonline.com

Filling out the Deposit Account - Risk Rating Form is essential for assessing the potential risks associated with a banking relationship. This guide provides a clear, step-by-step approach to ensure users can accurately complete the form online.

Follow the steps to effectively complete the form

1. Press the ‘Get Form’ button to access the Deposit Account - Risk Rating Form in your preferred editing tool.
2. Begin by entering the customer or account information, including the taxpayer ID number and street address. Ensure that the information is accurate and up-to-date.
3. List the company principals who are responsible for the account and provide a brief description of the nature of the business services, including the type of business.
4. Indicate whether you or the business will cash checks for people, and specify if any checks cashed will exceed $1,000.
5. Answer the questions regarding the sale of money orders, traveler's checks, and stored value cards by selecting 'Yes' or 'No' for each.
6. Complete the section on your relationship with the bank by selecting the appropriate duration, including less than one year, more than one year, or more than five years.
7. Provide additional risk assessments related to the business's operations, including if the principal is a U.S. citizen, if there has been a change in ownership in the past year, and if the business is considered cash intensive.
8. Indicate if you will perform wire transfer services, and provide supporting documentation if ‘Yes’ is selected, including a copy of the BSA policy and proof of training.
9. Assess the anticipated deposit and withdrawal activities by entering total amounts and percentages as specified in the form.
10. Calculate the risk total based on the provided guidelines and determine the appropriate BSA risk code.
11. Lastly, fill in the amount of the opening deposit and the source of funds, then complete the final signature and date section for the bank employee overseeing account management.
12. Once all fields are completed, you have the option to save changes, download a copy, print the form, or share it as necessary.

Start filling out the Deposit Account - Risk Rating Form online to ensure compliance and efficient risk management.