Connect Savings Basics
What is the minimum amount needed to open a Connect Savings account?
100
What is the minimum amount needed to open a C.Checking account?
$50
What is the monthly fee for C.Checking if the client does not meet waiver requirements?
2
C.Checking is a good fit for what type of debit card user?
A frequent debit card user.
A client wants a savings account with higher interest and uses their debit card often. Which combo would fit?
Connect checking and Connect Savings.
What account must be linked to maintain a C.Savings account?
Connect Checking
Is connect Checking interest-bearing?
no, it is non-interest bearing.
Name one way to avoid C.Checking monthly service charge.
Direct deposit-statements or $100 min balance
What type of client may want a C.Savings?
A client that wants to earn a premier interest rate.
A client has a C.Savings but closes their C.Checking. What should the banker know about the remaining account?
Account converts to Statement savings.
What happens to Connect Savings if the Connect Checking account closes?
It converts to a Statement account.
What savings account must be linked to maintain Connect Checking?
Connect Savings.
Does Connect savings have a min balance listes?
No min Balance.
Why are these accounts described as manageable?
Itemized monthly statements provide a complete record of transactions.
A client only uses their debit card 10 times in a statement cycle. What tier do they fall into?
Tier 3.
How often is interest paid on Connect Savings?
Monthly.
What happens to C.Checking if the C.Savings account closes?
It converts to a Centier Checking account.
What transaction range qualifies for tier 2 interest on C.Savings?
18-49 debit card transactions on Connect checking.
What makes the accounts convenient?
24-hour access with ATM, over 43,000 free ATMs nationwide.
A client wants no monthly checking fee but does not want direct deposit, what are two other options?
E-statements or $100 minimum balance
What determines the interest rate tier on Connect Savings?
Debit card transaction activity on their linked Connect Checking account and the balance.
Name two free services included with Connect Checking.
Free visa Debit card, online banking, bill pay, mobile banking.
How many debit card transactions are needed for tier 1?
50 debit card transactions on C.C
Why is the C.Checking described as inexpensive?
Monthly fee can be avoided with direct deposit, e-statement, or $100 min balance.
A client wants RUS. What must Connect Savings be paired with?
Personal Centier checking and Visa debit card.