Negotiable Instruments
Maker, Date, Payee, Amount, Drawee
What is the 5 categories of negotiable instruments
This group of individuals residing in Richland, Lexington, Fairfield, Kershaw, Saluda, Calhoun Newberry and Orangeburg counties
What is field of membership
Drivers License, Military ID, Passport, State Id, Commercial drivers license
What is types of identification we accept
Provides flexibility for members who want to separate their holiday savings from other accounts
What is Christmas Club
A written contract called a negotiable instrument
What is a check
Checking account, Visa, Mortgage, Vehicle, Palmetto Citizens Investment Services
What is the 5 core products
5 day hold for all S1 account for new members
What is exception hold
Saves member the time and hassle of waiting in line or stopping by a branch to deposit their check
Direct Deposit
What is considered a new account
Community, Commitment, Team, Integrity, Proactive, Security
What is Palmetto Citizens Values
Involves blank stolen checks that the criminal utilizes or stolen issued checks that the criminal endorses.
What is Forgery
Allows us to cover or charge when there are insufficient funds in the members checking account, which would have otherwise been returned
What is overdraft privilege
Opening a checking account three months from pay off date
What is when a members account is closed due to insufficient funds
What us Palmetto Citizens mission statement
software enables a criminal to easily reproduce checks. This technology has become very advanced and affordable. Chemical alteration, also called check washing, utilizes common household solvents to alter a check, usually the amount payable.
What is counterfeiting/alteration
A custodian, which should only be a parent or legal guardian, opens an account for the minor and is responsible for the account
What is UGMA (Gift to minor account)
What is Power of Attorney
A financial tool, paid for by palmetto citizens, designed to help members keep a balanced budget repair or maintain credit standing and better their overall financial understanding
What is Greenpath
The account maintains insufficient funds with a negative balance for 3 weeks
What is when a checking account will be closed by the credit union
A method that is used to process debits and credits electronically in a members account.
What is ACH