Banking Acronyms
What does APR stand for?
Annual Percentage Rate (representing the yearly cost of borrowing or the annual return on an investment, including interest and certain fees.)
What year was Univest Bank founded?
1876 (It's our 150th Anniversary)
What are Bill's Daughters names?
Blake and Riley
What was the Highest Bill Denomination Issued by the US?
$100,000
How long can you have a bank account?
Forever
What does ACH stand for?
Automated Clearing House
Name two of Univest's 5 Core Values.
Tradition, Integrity, Excellence, Community & Spirituality
What did Bill major in in College?
Sociology
What US President is on the $50.00 bill?
Ulysses S. Grant
How old do you have to be to have or open your own bank account?
18 Years Old
What does ATM stand for?
Automated Teller Machine
How much can current Univest deposit account holders earn by referring a new customer that opens a checking account?
$50.00
What was the mascot of the High School Bill attended?
How tall would a million dollar stack of $1 bills be?
97 feet / 142 feet / 358 feet / 600 feet
358 feet
Money held in a bank or credit union is insured by who?
Federal Deposit Insurance Corporation (FDIC)
What does CD stand for? (Hint- not compact disc)
Certificate of Deposit
What bird is contained in the Univest Bank's Logo?
Eagle
What is the name of one of Bill's two role models?
Ray (Dad)
Jim (Dad-in-Law)
Who is the only woman to appear on U.S. paper money? (Hint- her initials are M.W.)
Martha Washington (She appeared on the $1 silver certificate in the 1880s–1890s
What do the 9 digits in the lower left hand corner of your checks represent?
The routing number for your bank or credit union
What does PIN stand for?
Personal Identification Number
What was the original name of Univest Bank when it was founded?
Union National Bank and Trust Company of Souderton
What is the name of Bill's dog?
Prancer
How many times can a banknote be folded before it tears? 70 / 145 / 2200 / 4000
4000 (Approximately 4,000 double folds (forward and back)
The interest rate used as an index in calculating rate changes to adjustable rate mortgages (ARM) and other variable rate short term loans is known as the?
Prime Rate