Member Service
The additional insurance that TBCU purchased for member's accounts.
What is ESI? (Excess Share Insurance)
These are the limits for Overdraft Privilege on consumer/personal accounts.
What is $0.00 - $1,500.00?
These are the limits for ODP on business accounts.
What is $0 - $2,500.00?
Is required for membership at TBCU.
What is a Primary Share Savings account?
For this IRA, individuals are required to take Required Minimum Distributions (RMD's) at age 70 1/2.
What is a Traditional IRA?
These two checking accounts will receive free checks.
What is a Premium Checking and 50+ Checking account?
These are the types of Overdraft Solutions available for our members.
What is Overdraft Protection and Overdraft Privilege?
An ____ is a unique number assigned to your business by the IRS. The number has nine digits in the following format: 12-3456789.
What is an EIN?
Minimum of $100.00 to open, 12 month term and may set up reoccurring transfers from existing direct deposit
What is a Payroll Growth CD?
If a person is under the age of 50, the maximum contribution amount is ______.
What is $5,500.00?
A person will still need to qualify for membership, but does not need to be present. This form needs to be filled out by the potential member....
Is a discretionary overdraft service provided to prevent members' items from being returned or declined in the event of an overdraft.
What is Overdraft Privilege?
If balance falls below $5,000.00, a ________ account assesses a $6.00 monthly fee.
What is a Simply + Business Checking Account?
Unlimited deposits allowed, no withdrawals allowed unless closing out the account and it is used to save for the holidays.
What is a Christmas Club Account?
For this IRA, withdrawals of earnings are tax and penalty free once you've reached 59.5 and you have met the 5 year holding requirement.
What is a Roth IRA?
These five items are needed to add a beneficiary on an account...
What is the Name, Date of Birth, Social Security Number, Address, and Phone Number?
For this Overdraft Protection, a savings accounts or line of credit can be used to cover overdrafts and a $____ transfer fee is assessed.
What is $5.00?
When opening an account for an entity, the TBCU representative will need to complete the ___ ___________ in Verafin.
What is the MSB Questionnaire?
Minimum withdrawal of $150.00, $500.00 is required to open the account.
What is a Bonus Money Fund Account?
If the funds came from a member's IRA either here or at another institution, and the member did not have any access to the funds, the contribution would be considered a ____.
What is a Direct Transfer?
Is an online service that allows you to pay your bills through online banking.
What is Bill Pay?
Accounts are monitored for a rolling ___ day period and limits are calculated and adjusted daily.
What is 33 days?
These are the 7 types of entities we open business accounts for at TBCU.
What is a Sole Proprietorship, General Partnership, Limited Partnership, Limited Liability Partnership, Limited Liability Company, Corporation, and Association?
An account created for a person to save up extra money for retirement that provides special benefits.
What is an IRA?
10% early distribution penalty tax applies to distributions before the age of _____.
What is 59 1/2?