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ASB Consumer Deposit Products > Personal Checking Accounts Details/Fees > Flashcards

Personal Checking Accounts Details/Fees Flashcards

1
Q

What is the minimum opening deposit for all three personal checking tiers?

A

$20 for Essentials, Plus, and Deluxe

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2
Q

Which personal checking tiers are interest bearing?

A

Essentials & Plus: No

Deluxe: tiered interest

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3
Q

Which personal checking tiers have a monthly service fee?

A

Essentials: none

Plus: $15 per month; OR waived if $7,000 in combined personal monthly average deposit and/or outstanding loan balance; OR $2,500 in direct deposits per statement period.

Deluxe: $25 per month; OR waived if $30,000 in combined personal monthly average deposit and/or outstanding loan balance; OR $5,000 in direct deposits per statement period.

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4
Q

Which personal checking tiers have an online banking monthly fee?

A

None of them

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5
Q

Which personal checking tiers have an online banking Bill Pay service fee?

A

None of them

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6
Q

Which personal checking tiers have free mobile check deposit?

A

All of them

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7
Q

Which personal checking tiers have an ATM Fee rebate?

A

Essentials: None
Plus: Up to $8 per monthly statement period
Deluxe: Up to $12 per monthly statement period

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8
Q

Which personal checking tiers receive free kalo design checks?

A

All of them (Kalo design starter checks for Essentials)

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9
Q

Which personal checking tiers receive a free Visa debit card?

A

All of them.

Gold for Essentials; Platinum for Plus and Deluxe

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10
Q

Which personal checking tiers have a monthly statement savings account service fee?

A

Essentials: fee charged

Plus & Deluxe: fee waived

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11
Q

What is the paper statement fee for each personal checking tier?

A

Essentials: $5/month
Plus: fee waived
Deluxe: fee waived

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12
Q

What is the paper IMAGE statement fee for each personal checking tier?

A

Essentials: fee charged ($3/month)
Plus: fee waived
Deluxe: fee waived

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13
Q

What is the incoming wire transfer fee for the personal checking account tiers?

A

Essentials: fee charged ($13 per wire transfer)
Plus: fee waived
Deluxe: fee waived

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14
Q

What are the Traveler’s Cheques and Cashier’s Checks fees for the personal checking account tiers?

A

Essentials: fee charged ($12 each)
Plus: fee charged ($12 each)
Deluxe: fee waived

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15
Q

What is the notary fee for the personal checking account tiers?

A

Essentials: fee charged ($5 each)
Plus: fee charged ($5 each)
Deluxe: fee waived

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16
Q

What is the Safe Deposit Box rental fee for the personal checking account tiers?

A

Essentials: fee charged
Plus: fee charged
Deluxe: free small box or $40 off a larger box with auto pay

17
Q

Which personal checking account tiers come with a private toll free phone number?

A

Deluxe accounts

18
Q

What are the two Overdraft Solutions customers can choose from?

A

1) Savings Overdraft Transfer Fee

2) Annual fee on Preferred Credit Line Overdraft Protection

19
Q

What is a Savings Overdraft Transfer and what is its fee?

A

Checking account overdraft protection from a linked Statement Savings or Tiered Savings account.

Essentials: $10 per transfer
Plus: $5 per transfer
Deluxe: fee waived

20
Q

What is Preferred CreditLine Overdraft Protection and is there an annual fee?

A

Checking account overdraft protection using a line of credit that is subject to application, credit qualification, underwriting, and credit policy of ASB.

Essentials: fee charged
Plus: fee waived
Deluxe: fee waived

21
Q

What are the types preferred rates and loan discounts available for personal checking?

A
  • CD’s (terms of 30 days or more)
  • New Preferred CreditLine Overdraft Protection
  • New Home Equity Line of Credit
  • Residential Mortgage (new purchase or refinance)
22
Q

What is a Home Equity Line of Credit (HELOC)?

A

A loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower’s equity of their house.

23
Q

What is Home Equity?

A

The portion of your home that you’ve paid off. It’s the difference between what the home is worth and how much is still owed on your mortgage.

24
Q

What is a Residential Mortgage refinance?

A

Taking out a new mortgage loan to replace your existing one. Homeowners refinance because you can lock in a better interest rate and loan terms on your new mortgage. So you can take out a new loan that’s more affordable or benefits you in another way.

25
Q

Which personal checking account tiers have preferred CD rates?

A

Deluxe only

26
Q

Which personal checking account tiers have discounts for New Preferred CreditLine Overdraft protection?

A

Plus and Deluxe

27
Q

Which personal checking account tiers have discounts on New Home Equity Lines of Credit?

A

Plus and Deluxe (Margin Discounts)

28
Q

Which personal checking account tiers have discounts on Residential Mortgages?

A

Deluxe ($150 off Lender’s Fee)

ASB Consumer Deposit Products (7 decks)

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