Business ownership types
An unincorporated business with only one owner. The account holder is the individual who owns the business.
Sole Proprietorship
Where can the business checklist be found?
Pinpoint
How much cash can be deposited into spark business basic checking without being charged a fee?
up to $5000 cash each month
What is the first step in FLOW?
Make a first impression
Where did Capital One originally start?
Richmond VA
An organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. They may be involved in an innumerable range of areas relating to arts, charities, education, politics, religion or some other endeavor
Non-Profit Organization
In order to add a signer(s) to a business account, the new signer(s) must be listed on the:
Deposit Account Resolution and Authorization for Business Entities
For the Spark Business Basic Checking, what is the cash deposit fee for deposits after the $5000 threshold?
$1 for every $1000 deposited
What is the second step in FLOW?
Bond at a deeper level
What was Capital One's gross revenue in 2018 approximately?
$28 billion
A cross between a limited liability partnership and a corporation. This is managed by "members" or "managers." When the company is member managed, all members sign the resolution. When it is manager managed, the company has deligated a person to run operations and only the manager (s) should transact on the account.
Limited Liability Company (LLC)
How must you scan business signature cards to TRIPS
Secure scan (not from home)
For Spark Business UNLIMITED, what is the fee for cash deposits?
$0. There is no fee for cash deposits
What is the third step of FLOW?
Guide to discovery
What is Capital One's slogan?
What's in your wallet?
A legal entity having authority under law to act as a separate entity distinct from shareholders who own it. The board of directors, elected by the shareholders, appoints officers to conduct the corporation's day to day business.
Corporation
In Maryland, where do we find out whether or not a business is in good standing?
Maryland.gov business entity search
Whats are the monthly service fees for both the Spark Business Basic checking and Spark Business Unlimited?
$15 each month (basic), and $35 each month (unlimited)
What is the fourth step of FLOW?
Continue the connection
What large corporation did Capital One team up with to create a new rewards card?
Walmart
A legal entity comprised of one or more general partners and one or more limited partners. General partners are responsible for managing the affairs of the partnership and are personally liable for the obligations of the partnership. Limited partners are only investors and are not involved in day to day management of the business.
Limited Liability Partnership (LLP)
After opening a business account, a branch business file must be created. The business file should include:
-Business checklist
-Deposit Account Resolution and Authorization for business entities
-Business ownership maintenance form with sign customer attestation
-Signed signature cards
-Business documents as required in the business doc wizard (corporate resolution, articles of incorporation, business certificate)
Whats is the required minimum 30-90 day average balance in order for the $15 fee to be waived for the Spark Business BASIC checking?
$2000
What are the four steps to FLOW?
1) Male a first impression
2) Bond at a deeper level
3) Guide to discovery
4) Continue the connection
What is Capital One's main mission?
Change banking for good