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Course description

If you are asking your customer “Are you a US citizen?” at account opening, you might be asking the wrong question.  A better question is “Are you a US Person?”  These and many other errors set up NRA accounts incorrectly so that you report the interest incorrectly to the IRS.  It begins with the W-8BEN and ends with the 1042 S interest reporting.  If you miss this program you may continue to make common errors that cause you liability and lack of compliance.

 What You Will Learn

·       What is a US Person?

  • What if a US Person and a NRA are on an account?
  • Who is a resident alien?  
  • What does a green card mean?
  • What is substantial presence?
  • Can a NRA account be opened with a passport number if not interest bearing?
  •  Is it okay just to use a US TIN?
  • Why do we have to get FTINs?
  • How do we complete the W-8BEN
  • What if we don’t track W-8BEN expirations
  • What if we don’t get FTINs?
  • Who are the countries that we report interest on customers on the 1042S?

Who Should Attend?
 Deposit Operations, Deposit Compliance, Branch Administration, Training, BSA, Branch Staff



Deborah Crawford

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Course curriculum

  • 1


    • Access Webinar

  • 2


    • Slides

    • Materials

    • Questions and Answers