Nosey Neighbors
What banking process requires financial institutions to verify the identity of their customers to prevent fraud, money laundering, and terrorist financing?
Know Your Customer (KYC)
What is the minimum balance on a Small Business account & what is the fee if the account drops below that balance?
What year were we founded?
1893
Are Reward Checking Accounts categorized as interest bearing accounts?
No
In banking, understanding a customer's source of income and financial behavior starts with asking about what 2 key details during account opening?
Cash activity and employment status
What is the minimum balance on a Business Savings account and what is the fee if the account drops below that balance?
How many ATMs do we currently have in service?
4:
Weston, Platte City, Price Chopper, Cosby
What is the driving financial reason that Bank's offer deposit products and services?
To borrow from customer's at less than market rates
When opening Individual accounts, what can be used as Primary identification?
Valid Drivers License, state-issued ID or US passport
What is the activity fee for a Business Savings and when does it apply?
$1 per withdrawal after 3
What business currently occupies the old Kansas City bank building (the branch before Cosby Opened)?
Sunrise Dispensary
What additional step must be taken when opening up an account for a new Public Fund customer?
Finance needs to be informed so they can get a signed public fund pledging agreement.
When opening accounts, what verifications do we run on new individual customers?
Verification2 (ID manager), OFAC, and Chexsystems
What is the Credit called that can offset the monthly fee on a Commercial Checking account, and may reduce the monthly fee entirely for that month?
Earnings Credit
What currently occupies the original downtown Weston bank building?
Silk Art Museum
The Customer Identification Program (CIP) is part of what bank regulation?
the USA Patriot Act
What is the monthly fee for a Commercial checking? there are 3 parts.
How much was accepted in deposits on the first day of operation?
$159.25
<Answers accepted between $140-$180>
What banking metric calculates the average interest rate paid on deposit accounts by weighting each account type according to its balance?
Weighted Average Rate