Section 2

Sub-Account Set-up

To submit a request for a new sub-account, you must complete a new set-up template in Microsoft Excel (see screenshot of form in Appendix A). Be sure to complete all required fields, as indicated in section 2.1, Set-up Fields.

• If any requests cannot be processed, you will be contacted by the Key Accounts Manager Support Team
• Revisions to sub-accounts should be submitted on a new template
• New sub-accounts opened on the last business day of the month will appear on the next month’s Key Accounts Manager report.

2.1 Set-up Fields

• Date mm/dd/yy: Date you prepared the sub-account request
• Prepared by: Your name or the name of the person who completed the template
• Telephone Number: Your phone number or the phone number of the person who completed the template
• Master/Client Name: Name of the organization, which must be the same as the name on the Master Account
• Master Account Number: Your master checking account number
• Group Number: The group number assigned to you by the Key Accounts Manager Support Team and provided to you when your account was opened.
• Division: An optional field you may use for identification purposes
• Unit Number: An optional field you can define that can contain miscellaneous information
• Sub-Account Name: Sub-account holder’s name (individual or business)
• Title Line 2: Additional titling for a sub-account holder
• Sub-Account Deposit Amount: An optional field indicating the amount of the first deposit. If you are performing prefunding, you will use this field.
• Rental Security Pet, Garage, or Other Deposit Flag: An optional field that identifies the presence of additional fees. Enter P, G, O, or leave this field blank.
• New York Rental Security Year End Interest: for New York Rental Security only, enter A (C is not available)
• Sub-Account SSN/EIN/TIN: The tax identification number of the sub-account funds owner
• Sub-Account U.S. Citizen: Enter ‘Y’ if the sub-account funds owner is an individual, otherwise enter ‘N’.
• Tax ID Indicator: Enter 0 if the sub-account funds owner is an individual, otherwise enter 1 to indicate a business
• Pre-Need Only Irrevocable Trust Flag: For Funeral Pre-Need only, enter ‘Y’ if the sub-account is an irrevocable trust, otherwise enter ‘N’
• Non-Profit and Life-Care Only Sub-Account Date of Birth mm/dd/yy: The date of birth of the sub-account holder
• Additional Space for Foreign Address: An optional field to include additional foreign address information
• City: The city of the street address
• State, Possession, or Canadian Province Code: The state of the street address
• Zip Code: The zip code of the street address
• KeyBank Use Only: Country Code, leave this field blank