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PK/NARA TEST > ACCOUNTS > Flashcards

ACCOUNTS Flashcards

1
Q

$100 minimum to earn interest
$50 opening balance
Free Specialty grey checks

A

Simply Free platinum

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2
Q

Free copies of checks with statements

A

Simply Free Platinum

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3
Q

Premium Interest Checking Account

A

Simply Free Plus

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4
Q

Minimum opening balance for a Simply Free Plus

A

$1000

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5
Q

Requirements to earn interest on Simply Free Plus

A

-12 POS purchases per month
-Paperless statements
-Access Online banking once per statement cycle
-Funds Direct Deposited into the account

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6
Q

What is the age requirement for a Simply Free Plus?

A

No requirements.

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7
Q

Accounts for anyone under 25

A

Simply Free Student
Simply Savings Student

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8
Q

What accounts have 2 free Non-UBT atm transactions per statement cycle?

A

Simply Free Platinum
Simply Free Plus
Simply Free Student

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9
Q

Simply Free Student accounts have a $50 bonus when what requirements are met?

A

10 point of sale transactions and
enroll in paperless statements within 60 days.

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10
Q

What is the $10 additional bonus available on the Simply free student account and what are the requirements to earn it?

A

A $10 bonus is available when you enroll in Round up.

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11
Q

$50 account opening balance
No monthly fees
No minimum balance

A

Simply Free Checking

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12
Q

Which accounts do not charge ATM fees at non UBT ATM’s?

A

Premier checking
University Checking
Simply free UNL

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12
Q

High net worth
high-income
must be a Private Banking customer

A

Premier Checking

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13
Q

Account for full time UNL employees that earns interest when requirements are met.

A

University Checking

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14
Q

Account for UNL students with no minimum balances and no maintenance fees.

A

Simply free UNL

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15
Q

What two accounts waive the first NSF fee per calender year?

A

Simply Free UNL
University Checking

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16
Q

$25 dollar suggested opening
$5 monthly maintenance fee
No checks
No ODP

A

Simply Basic

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17
Q

What account do we offer for individuals not able to qualify for other accounts due to derogatory account activity.

A

Simply Basic

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18
Q

$50 minimum account opening
No minimum balance
No monthly maintenance fee
75 free items per transaction cycle

A

Simply Free Business

19
Q

What is the minimum account opening balance on a Basic Business?

A

$50

20
Q

What is the minimum balance that must be maintained on a Basic Business?

A

$500

21
Q

What is the fee if the minimum balance is not maintained on a Basic business and Basic Business with Interest?

A

$12

22
Q

Basic business with interest is designed for any…

A

Low to average volume Sole Proprietor or Non Profit.

23
Q

Low to moderate volume
$50 opening
$50 Monthly fee
Desktop Teller avaliable

A

Business Builder Checking

24
Q

Higher volume business that would benefit from Treasury Management Services.

A

Business Analysis Checking

25
Q

What is the monthly fee for the Business Analysis Checking account?

A

$15

26
Q

Liquid savings with low minimum balances.

A

Simply Savings

27
Q

What is the fee for the Simply Savings account and when is it applied?

A

When the balance falls below $100 then a $3 monthly fee is applied.

28
Q

How many free withdrawals do you have on a simply savings account?

A

6

29
Q

What is the fee per withdrawal when you exceed 6 on a simply savings account?

A

$5

30
Q

Savings account with no minimum balance and for any person under the age of 25

A

Simply Savings student

31
Q

Liquid savings account that earns high interest on balances over $2500

A

Union Money Fund

32
Q

What is the fee on a Union Money fund when the balance falls below $1000?

A

$5

33
Q

What is the minimum account opening for a union money fund?

A

$1000

34
Q

$1000 dollar opening deposit
Earn higher interest rate
No minimum balance to earn interest
6 free withdrawals per statement cycle

A

Value Edge Money Market

35
Q

How many free withdrawals do you get in a money market account and what is the fee if you exceed those?

A

6 per month
$25 for each withdrawal over those 6

36
Q

$1000 min to open
Earns fixed rate interest on set term

A

CD

37
Q

CD Terms from 3-9 months are subject to forfeit how many days of interest?

A

92 Days

38
Q

CD terms 10-60 months are subject to forfeit how many days of interest?

A

182 Days

39
Q

How often is interest compounded on a CD and when is it paid?

A

Compounds quarterly and is paid at maturity

40
Q

$10,000 minimum account opening
Withdrawals must be $1000 or more
Account must close if balance falls below $1000
Can withdraw every 7 days

A

10-month access CD

41
Q

How does someone sign up for an HSA account?

A

A banker will fill the form out in BPM and then submit it to Ominfy.

42
Q

When can funds be distributed on a Roth IRA?

A

After it has been open for 5 years and there is a qualifying life event.

43
Q

Funds for a traditional IRA may be distributed when a customer reaches what age?

A

59 1/2

44
Q

IRA holders must begin taking the RMD (Required minimum distribution) at what age?

A

73

PK/NARA TEST (4 decks)

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