Checking
A traditional account with no monthly service charge or minimum balance requirement and an optional interest-bearing upgrade.
What is Select Checking?
A high yield savings account with exceptional dividends on every dollar saved plus opportunities to earn bonus rates.*
What is Cultivate High-Yields Savings?
These days are the days Eric is at our West Eugene Branch and is a great opportunity to see if a member would like to sit down in the moment.
What are Tuesdays and every other Friday?
This type of card can be referred if a customer said that they were recently denied for our Platinum Visa card.
What is Secured Platinum?
Member comes in to make first payment on a new auto loan and excitedly chats about how happy they are. This product would be a great topic to mention:
What is GAP Insurance?
This product has free overdraft protection, waived ATM fees, monthly round-up savings matches. (up to $7)
Requires $250 ACH deposits and 12 debit or credit purchases.
What is Link Digital Checking?
This product has a $7 service charge for single service households if balance falls below $100 during the month.
What is Membership or Simple Savings?
This type of insurance quote requires a VIN number and is information we already have on file if the auto loan is with Selco.
What is Auto Insurance?
Obtaining current or previous housing, employment status with wage, verifying a copy of ID is on file or scanned, and obtaining a signature from the member.
What is filling out a Paper application?
Member comes in and talks about an inheritance of a very large amount they will be receiving sometime in the near future. This product could be beneficial to large funds arriving and will be in the account for 2 to 5 years.
What is SIRS?
Bonus 100 points: What is an example of a teller response when hearing about new money?
Used as a credit builder for customers who have colorful credit history and not for those who have history of fraud or account abuse.
What is Elevate?
The additional bonus options are listed under rate information on the Savings Rate and Fee Schedule at #6.
What is Cultivate High-Yield Savings?
These are the states a customer needs to reside in to qualify for an insurance quote.
What are Oregon and Washington?
This can be offered is you see the member has a Platinum Visa interest rate at 18% and their FICO score is 640 or higher.
What is credit limit increase?
A service agreement that is an optional paid service that prolongs the coverage of a product beyond the standard time, offering additional benefits and sold separately.
What is Extended Warranty?
This product has a $5 monthly service charge if the balance drops below $500.00
What is Select Checking with Interest Upgrade?
This product is limited to a total of three withdrawals in any calendar month.
Letting a member know that we can bundle insurance services together to save them even more money and this can take a quick 5 minutes to do.
What is insurance referral?
Another option to deposit or transfer funds into for a longer length of time. It is subject to market fluctuations but is a great option for members who have larger amount of funds in a basic service account.
What is SIRS?
This product is a great referral but not listed on our website or made aware to the general public but we can offer for those who don't qualify for our standard checking account.
What is Elevate?
Except for this product, once a balance range is met the Dividend Rate for that balance will apply to the entire balance.
What is Vault Savings?
Member comes in to purchase a cashier's check for their monthly rent, you hear they will be moving shortly. This product could be beneficial to see if we could save them money.
What is Renter's insurance?
There is no fee for this process of utilizing a non-Selco credit card with rewards and then do this: ______ for no additional fee to have a lower interest rate paid for their charges.
What is balance transfer?
A liquid option for members to place larger amount of funds and still earn dividends that are a little less or equivalent to a CD. (Great product to refer for new money)
What is Cultivate High Yields Savings?
Bonus 500 points: Name the tier levels and balance requirements.