NARA TEST Flashcards
12 Debit card purchases
Simply Free Plus
50 years and older
Simply Free Platinum
Simply Savings 6 withdraws per month fee
$5
Simply Savings dips below $100 balance fee
$3
Accounts for ages 14-25
Simply Savings Student & Simply Free Student
CD 3-9 months terms forfeit how many days of interest
92 days of interest
CD 10-60 months terms forfeit how many days of interest
182 days of interest
Who must we CIP
All Owners and all Signers
Checking plus sweeps in what increments
$200
Sweeps sweep in what increments
$100
Once a relationship is established, the ODP limit looks at how many days of transactions to generate a limit
90 days
The age requirement to open a Simply Free Plus
No age requirement
Define round-up
Rounds transaction up to the next whole dollar
How do we open HSA’s
A banker will fill out form in BPM and then submit info to Omnify
3 steps for telling our customers about CIP
Notify, Identify, and Verify
What info do we need for beneficiaries
Name and Date of Birth
Who do we run through e-funds/chex systems
All owners and signers
Verify- collect what info
-Drivers License
-State Identification
-Military Identification
-Passport-
-Tribal Identification Card
Identify- collect what info
- Legal name
- Physical Address
- Date of birth
- Taxpayer identification number (SSN/ITIN)
MINOR ACCOUNTS- What info
-Birth Certificate
-Social Security Card
-School ID (17 and under)
-Parent must be a co-owner/signer if none of CIP is on the minor
How many days before full CIP needs to be recollected
30 days
What does FDIC stand for
Federal Deposit Insurance Corporation
What book are required to give our customers after an account opening
Disclosure book
Can we identify using a prisoner identification card for CIP
No
Which 2 business accounts only require a $500 balance to avoid a fee
Basic Business and Basic Business with interest
1 NSF waived goes to which accounts
The university Checking and Simply Free UNL
Do we charge the $3 Sweep fee
No
Which checks are free with the Simply Free Platinum Account
Specialty Gray Checks
What is the monthly fee when a Union Money Fund dips below $1000
$5
Which account does not waive the first 2 non-UBT fees
Simply Free
Account that does not offer ODP
Simply Basic
Form for US Citizens
W-9
Form for non-Citizens
W-8 BEN
Beast is an owner/signer on an account. Belle is a signer and so is Cinderella. Beast is wanting to remove Belle and make Cinderella a beneficiary. What is the account labeled
Single party with POD
Beast and Belle are owner/signers on an account. They have Snow White as a signer and Sleeping Beauty is a beneficiary. What is the account labeled
Multiple Party with POD
If multiple signers are on an account with an owner/signer, is it a multiple party account?
No. All the signers would have to be owner/signers to make it a multiple party account
Checking and Savings Closing Tran Code
Checking: 061
Savings: 161
How much is insured per social security number on accounts
$250,000
Business account that does not have a minimum balance and paperless statements are required
Simply Free Business Checking
-Made for higher volume businesses or those who would benefit from treasury management services
-Has to have activity over 250 items per month and average available balance of at least $250,000
Business Analysis Checking
-$50 monthly fee
-lower to the moderate volume
Basic Business Builder
-Current or new customers that would benefit from making check deposits electronically
-A service Treasury Management offers for businesses
Desktop Teller
Are we supposed to put stop pays through navigator
No. We are to go through BPM and submit form to deposit services
Legally allows creditors to retrieve funds directly from your bank account to repay a debt.
A levy
Can the owner/signer on account designate certain percentages to the beneficiaries on an account
No. Only on IRA’s are you able to designate certain percentages
