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Checking/Savings Accounts Flashcards

1
Q

What are the three checking accounts?

A

Access, Balanced, Choice

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2
Q

What is the withdrawl limitation for Savings and Select Money Market accounts? What is the fee for exceeding?

A

Withdrawl limitation- 6
Fee- $6

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3
Q

What is the daily balance to keep a balanced checking account free?

A

$1,000 daily balance

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4
Q

Savings accounts are not designed to be __________ accounts.

A

Transactional

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5
Q

What is the minimum to open a Choice Checking account?

A

$100

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6
Q

What is the paper statement fee for an Access checking account?

A

$4

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7
Q

What are the three Savings accounts?

A

Associated Savings
Relationship Savings
Select Money Market

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8
Q

What are the 4 accounts that can gain interest?

A

Choice Checking
Associated Savings
Relationship Savings
Select Money Market

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9
Q

What is the Out of Network ATM fee for a Select Money Market account?

A

2 free withdrawals then:
$3 withdrawal
$2 balance
plus owner surcharge

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10
Q

What is the monthly maintenance fee on a Select Money Market account?

A

$16

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11
Q

What must you do in order to have your cell phone covered via the World Debit card cellphone protection plan?

A

pay last 2 cellphone bills with World Debit Card

(covers up to $600 if phone is lost, stolen or damaged)

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12
Q

How can a customer waive the monthly maintenance fee on an Associated Savings account?

A
  1. maintain $300 daily balance
  2. $25 recurring automatic deposits
  3. Under the age of 18
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13
Q

What is the overdraft grace zone for an Associated Choice Checking acocunt?

A

$50

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14
Q

List the benefits of having the World Debit card

A
  1. Cellphone Protection Plan
    2.Free Boingo WIFI account ($14.95)
  2. ID Fraud Expense Reimbursement (up to $1,000 if victim of identity theft)
  3. Shopping Benefits (extended warranty, purchase assurance, satisfaction guarantee)
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15
Q

What is the monthly maintenance fee for a Choice Checking account?

A

$25

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16
Q

What are the Out of Network fees for an Access Checking Account?

A

$3 withdrawal
$2 balance
plus owner surcharge

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17
Q

What are the ways to waive maintenance fees for an access checking account?

A

none (free account) but can go paperless to avoid $4 paper statement fee

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18
Q

What are the ways to keep a Choice Checking account free?

A

1.Maintain a $10,000 in combined deposit accounts
2. Presence of either an HSA or investment account

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19
Q

How can a customer waive the monthly maintenance fee on an Associated Relationship Savings account?

A

Maintain a $10,000 daily balance

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20
Q

What is the monthly maintenance fee for a Select Money Market?

A

$16

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21
Q

What is the minimum to open an Associated Savings account?

A

$25 ($10 for a minor)

22
Q

What type of debit card does an Access Checking account have?

A

Platinum debit card

23
Q

What is the monthly maintenance fee for a Relationship Savings account?

24
Q

What is the benefit for an Associated Choice Checking account customer when purchasing a gift card?

A

No fee ($2.50 fee waived)

25
What is the proper way to quote a rate?
"As of , the Annual Percentage Yield is x.xx%, based on an Interest Rate of x.xx%"
26
How can a customer waive the monthly maintenance fee on a Select Money Market account?
Maintain a $1,000 daily balance
27
What's the monthly maintenance fee for an Access Checking account?
no fee ($4 paper statement fee)
28
What is the minimum deposit to open a Select Money Market?
$1,000
29
A Relationship Savings account can be kept free with the balances of a linked checking account. True or False?
False
30
What is the Out of Network ATM fee for an Associated Savings Account?
2 free withdrawals then $3 withdrawal, $2 balance inquiry plus owner surcharge
31
How much does it cost to open a Balanced Checking acocunt?
$100* *or whatever it takes to make the account useable/functional
32
What is the minimum daily balance to keep a Relationship Savings account free?
$10,000 daily balance
33
How much does a direct deposit or snap deposit need to be to waive the maintenance fee on a Balanced account?
$500
34
What is the fee for an overdraft on an account?
$32
35
What is the monthly maintenance fee for a Balanced Checking account?
$9
36
What is the required daily balance to keep a Choice Checking account free?
$10,000 daily balance in combined deposit accounts
37
What are the additional benefits of Choice Checking accounts?
1. Up to 4 linked deposit accounts with no monthly maintenance fee 2. Preferred CD, money market, and savings rates 3. No fees on gift cards 4. Free cashiers checks and money orders 5. 2 free boxes of personal checks 6. Enhanced overdraft grace zone ($50) 7. Waived ATM fee (2 ATM fee refunds) 8. Enhanced Funds Availability 9. World Debit Card 10. Free paperless statements 11. Interest Earning
38
An Associated Balanced Checking account has a monthly paper statement fee. True or False?
True- $4
39
Reg CC Funds Availability
All New Accounts during the 1st 30 days: $100 available immediately, remaining amount of check available in 5 business days After 30 days: Access/Balanced: $100 immediately, up to $5525 next business day, remainder in 5 business days Choice: up to $5100 available immediately, $525 next business day, remainder in 5 business days
40
An Associated Choice checking account has a monthly paper statement fee. True or False?
False- no fee
41
What's the minimum deposit to open an Access Checking account?
$25
42
What is the out of network ATM fee for a Balanced Checking account?
$3 withdrawal, $2 balance, plus owner surcharge
43
What is the daily balance to keep a Select Money Market free?
$1,000 daily balance
44
Is there a paper statement fee for a Balanced Checking account?
Yes- $4 (free for 65 and older)
45
Which checking account gives free paper statements for 65 and older?
Balanced (and choice)
46
What is the monthly maintenance fee on an Associated savings account?
$5
47
How much must you keep linked in accounts to keep a balanced checking account free?
$2,500
48
What is the minimum deposit to open an Associated Relationship Savings account?
$25,000 new money
49
What four ways can a customer waive the monthly maintenance fee on an Associated Balanced Checking account?
1. Maintain a $1,000 daily balance 2. Maintain a $2,500 daily balance in all accounts 3. Direct deposit of $500 or more per statement cycle 4. Mobil deposit of $500 or more per statement cycle
50
Access checking accounts are ________ based and can initiate payments ____________.
Cash/Electronically
51
There is a specialized savings account called
zero interest savings

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