Service that pays checks, ACHs, Bill Pay, and debit card transactions if funds are not available in the checking/savings account.
What is Courtesy Pay?
100
Account that offer 2% on all accounts with an Average Daily Balance of $10,000.00 or less.
What is Kasasa Cash Checking?
100
When scammers convince members to give their debit card with the pin to them in exchange of money. The scammer then deposits a check via the ATM, sometimes mobile deposit is used.
What is card cracking?
100
The length of time new accounts are required to place a check on hold.
9 business days
100
Grace Period for a loan to be paid before a 5% late fee is charged.
What is 7 days
200
Electronic transfer of funds between financial institutions.
What is a Wire Transfer?
200
Funds in this account are transferred the 1st Saturday of October.
What is Christmas Club Account?
200
The exploitation of seniors or adults with disabilities by trusted people in their lives.
What is elderly abuse?
200
Web based program to deliver real-time relevant information on various types of negotiable instruments, This will help reduce the risk of potential losses and prevent ABNB from falling victim to check schemes.
What is True Checks?
200
Additional protection options on loans that reduces financial burden and protects credit rating. Maximum age is 70 and terminates at 70.
What is Debt Protection Program
300
A service that allows members to make check deposits at home using their cell phone and the ABNB app
What is Mobile Deposit Capture?
300
With this account members will be charged a $5 monthly fee and receive paper statements every month through the mail.
What is Classic Checking Account?
300
A form of check fraud that takes advantage of the float time between when a check is deposited and when it clears the maker's account.
What is Check Kiting?
300
The approval limit for Teller's up to 6 months of experience at ABNB.
What is $500?
300
Gives members the option to not make a loan payment in the months of December & January.
What is Skip-A-Pay
400
Transfer of funds from other accounts to pay debits from a checking account.
What is Overdraft Protection?
400
Account that pays higher dividend rate and requires a $35,000.00 minimum opening balance.
What is Platinum Money Market?
400
Designed to detect the security images imbedded in checks or cash by using a colored light.
What is a Fraud Fighter Box?
400
When will members receive $200 of their funds from a check on a 2 day of business hold.
What is Midnight day of deposit?
400
Covers the difference between the primary insurance settlement and the amount of the loan or lease on a totaled/stolen vehicle with an auto loan.
What is Gap
500
This service allows members to perform transactions on their account in various credit union locations outside of the Hampton Roads area.
What is Share Branching?
500
Used to determine whether a new checking account can be opened for a member.
What is Penley E-Funds?
500
Fraud that is perpetrated by insiders who forge documents and then transfer money to foreign accounts electronically.
What is Wire Fraud
500
Given to a member at the time of deposit and must include the account number of the member, the date of the deposit, the amount of the deposit that is being delayed, and when the held funds will be released.
What is notice of hold/or receipt?
500
Members uses own money to establish/rebuild credit. Interest rate is based on 3% above dividend rate of the Main Share/CD/Money Market.