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GCB > Checking Accounts > Flashcards

Checking Accounts Flashcards

1
Q

What 8 accounts have a minimum deposit to open of $50?

A
  1. Regular Gen Gold Checking
  2. Student Gen Gold Checking
  3. Senior Gen Gold Checking
  4. Personal Checking
  5. Student Checking
  6. Senior Checking
  7. Economy Checking
  8. Commercial Checking
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2
Q

How much per year is a GCB debit card for a personal Gen Gold Checking account?

A

$6.00 per year

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3
Q

How much per year is a GCB debit card for a personal Gen Gold checking for seniors?

A

$6 per year

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4
Q

How much per year is a GCB debit card for a personal student Gen Gold Checking?

A

$6 per year

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5
Q

How much is iPay for a regular Gen Gold Checking account?

A

$2 a month

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6
Q

How much is iPay per month for a Gen Gold Senior Checking account?

A

$2 per month

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7
Q

How much per month is a Gen Gold Student Checking?

A

Free

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8
Q

What is the membership fee per month cost for a regular Gen Gold Checking?

A

$10.00 per month

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9
Q

What is the membership fee per month for a Gen Gold Senior Checking?

A

$5.00 per month

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10
Q

What is the membership fee per month for a Gen Gold student Checking?

A

$3.00 per month

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11
Q

What accounts receive their first box of logo checks for free?

A

Regular Gen Gold Checking & Gen Gold Senior Checking

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12
Q

Which account receives their first box of starter checks for free?

A

Gen Gold Student Checking

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13
Q

What are the benefits for the Gen Gold Checking personal accounts? You should name 7.

A
  1. Unlimited check writing
  2. No minimum balance required
  3. Free online banking
  4. Free direct deposit
  5. Free combined statements upon request
  6. Free money orders
  7. Free InTouch telephone banking
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14
Q

What is the discount on mortgage closing costs for Gen Gold Checking accounts?

A

$100

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15
Q

What is the annual credit given towards safety deposit boxes for Gen Gold Checking accounts?

A

$10

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16
Q

Do personal accounts have unlimited check writing?

A

Yes

17
Q

What are the charges for personal Checking for low balances?

Below $200:
$200-$399.99
$400-$599.99
$600-$799.99
Over $800
A
  1. $8.00
  2. $6.00
  3. $4.00
  4. $2.00
  5. No charge
18
Q

What are the charges for a regular student Checking, Senior Checking, and economy Checking?

A

Senior- None
Student- None
Economy- $2.50 per month regardless of balance

19
Q

How many transactions does each account have?

Regular personal?
Regular student?
Regular senior?
Economy?

A
  1. Unlimited
  2. Unlimited
  3. Unlimited
  4. 15 free transactions then 40 cents each after
20
Q

What is the minimum opening deposit of a personal money market account?

A

$5,000

21
Q

When is interest forfeited for a personal money market account?

A

If the balance falls below $5,000, no interest will be earned for those days.

22
Q

How many withdraws can a Personal Money Market account make?

A

Three withdrawals per month. After 3, a $9.50 fee will be assessed for each transaction over three withdrawals.

23
Q

What is the minimum opening deposit for a NOW account?

A

$1,500

24
Q

How does the interest work for a NOW account?

A

If the balance falls below $1,500, the interest will be forfeited for that month and a $10 charge will be assessed

25
Q

How many free withdrawals does NOW accounts get?

A

15 free then after 15, there is a 15 cent charge after the free 15

26
Q

Who is ineligible for NOW accounts?

A

For-profit organizations, such as corporations and partnerships

27
Q

What is the consumer limit for overdraft privilege?

A

$500

28
Q

How long does the account have to be open for a consumer to get overdraft privilege?

A

30 days

29
Q

What is the limit for a business with overdraft privilege

A

$1,000

30
Q

How long does an account have to be open for for a business to be eligible for overdraft privilege?

A

60 days

31
Q

What are the four stipulations for overdraft privilege?

A
  1. Must maintain the account in good standing
  2. Must bring the account to a positive balance within every 30 day period for a minimum of 24 hours
  3. Must not be in default on any loan or obligation to GCB
  4. Must not be subject to any legal or administrative order or levy

GCB (4 decks)

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