From time to time, employers may allow us a forum to come to their business and make a pitch to their employees regarding our bank's services. Management would like the ability to open accounts during those pitches (away from our bank's locations). They would also like to know how they can streamline the amount of disclosures they would have to provide at that time vs what can be mailed later.

After some research, here's what I'm thinking...at the meeting, have the customer sign a sig card, certify to backup withholding, and sign an acknowledgement that the account will not be "open" until the appropriate paperwork can be processed at a branch. The acknowledgement will also contain the Patriot Act notice. Once back at the branch, we would then mail out the appropriate disclosures and truly open the account. We would not accept an initial deposit until the account had been opened and disclosures had been delivered.

Anybody else opening deposit accounts in a similar fashion? Any issues anyone can see with that process.

In my older days of banking- we used to go onsight to the local factories and on their break or lunch hour- they could open an account with us- we actually had a list of account numbers blocked out for this account opening blitz. Gave all the disclosures-had them sign the change of auto deposit from their current bank (basically a switch kit) gave them the toaster for their switch and then we went back to the branch ran NCPS and if they passed activated the account then made the switch. Today with so much technology, I would assume that you can step up the process with a laptop, a license scanner and signature pad and pretty much do the samehanding out disclosures- except that toaster will propably be a 1099 reportable item now.

I believe you can do as you plan. Not accepting the deposit is a key to avoid having an unauthorized branch.