Bill Denominations
Anti Money Laudering
Types of Accounts
Account Ownership
Bank Services
100
This president is on the $20.00 bill
Who is Andrew Jackson?
100
The act created by congress that prevents and detects money laundering.
What is Bank Secrecy Act or BSA?
100
An account where the primary purpose is to save money.
What is a savings account?
100
An account with only one person on it.
What is an individual account?
100
These are used to pay for something when you do not have checks or cash.
What is an ATM card?
200
This president is on the $50.00 bill.
Who is Ulysses S. Grant?
200
The form that must be completed when someone brings in more than 10k in cash.
What is a CTR or Currency Transaction Report
200
An account where you can make deposits, make withdraws, or write checks.
What is a checking account?
200
An account with two or more people on it.
What is a joint account?
200
This is available to customers who do their banking electronically to check their balances or transfer funds.
What is online banking?
300
This person is on the $100.00 bill
Who is Benjamin Franklin?
300
SAR stands for
What is suspicious activity report?
300
An account where one person owns a business. There are no other owners, but there may be signers.
What is a sole proprietor account?
300

What is the first step after receiving a death notification  on a customer. 

See if it is a single or joint account, if single restrict and remove POA/signer. 

300
This is a way to pay your bills without writing a check or going to the business to pay the bill.
What is bill pay?
400
This person is on the $10.00 bill.
Who is Andrew Hamilton?
400

Popular way for crooks to steal money, is to steal the information encoded in the magnetic strip on credit or debit cards. 

Skimming  

400
An account that is set up by grantors to give their assets to "successor trustees" upon their passing.
What is a trust account?
400

A person who can act on someone's account while the account holder is still alive. However, they cannot transact their own business on the account.

What is a power of attorney?

400

Making financial transactions on a mobile device (cell phone, tablet, etc.). Checking balance, transferring money, or paying a bill are some examples. 

What is mobile banking?

500
This person is on the $5.00 bill
Who is Abraham Lincoln?
500
The act of "cleaning" your money so the source of the money appears legitimate and legal.
What is Money Laundering?
500
These are the two basic types of trust accounts.
What are revocable and irrevocable trust accounts?
500

A person who receives the funds of an account AFTER the account holder is deceased.

What is payable on death or beneficiary?

500

Access to your banking transactions that are provided once a month in report form electronically. 

What is E - Statements? 

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