CDS
What is the grace period after maturity to withdrawal funds with no early withdrawal penalty?
7 Days.
What frequency are dividends compounded on a share account?
Quarterly.
What is an example of preauth credit?
DD from payroll
DD from SSA, VA, ETC
How long is a stop payment effective for?
6 Mo.
What is the compounding frequency for a 3 Mo CD?
Interest will not be compounded ( interest will be credited at maturity )
What is the maximum foreign ATM fees a member can have refunded with a liberty checking account?
25.
What is an example of Preauth Payment?
Car Insur Premium
Mortgage Payment
Car Payment from another FI, ETC
A valuable tool to help prevent fraudulent or mistaken transfers. This will show the transactions that occurred in connection with your account. What am I?
Statement.
How can a member prevent CDs from automatically renewing?
Notify us in writing at least 30 days before maturity, or call, even come in to advise us.
What will happen if the MMKT balance falls below 2k?
A monthly fee will be charged to the account until the minimum balance is met.
Whic accounts are allowed to process bill payments out of ( Rally BillPay )
Checking Accounts ( ONLY )
The party to the account owns the account. On the death of the party, ownership of the account passes to the POD beneficiaries of the account. The account is not a part of the party's estate. What type of ownership is this?
Single-Party Account with POD Designation.
Which CDS allow for deposits until the maturity date and what is the minimum to deposit?
3 Mo
6 Mo
Min 1k
What are the 2 liberty qualifications and by when do the members have to meet this in order to qualify for the dividend rate?
Have 10 or more POS purchases with min of $5.
1 Auto pay/ Direct Deposit
* Must be posted/cleared before the last day of the month.
What is the proper endorsement for a mobile capture check deposit using Rally App?
Deposits through MB require " For MBONLY at RALLY CU or RCU " under your endorsement.
When it comes to CPAY, how many days does the member have to bring their account to a positive balance to remain qualified for this service?
30 Days.
what is the early withdraw penalty for a 3MO, 6MO and a 3yr CD?
90 Days
180 Days
365 Days
How much does a member have to have in account to not get charged an inactivity fee when there are no transactions for 6 Mo or longer?
50 or greater.
Name one safety precaution members SHOULD be aware of when using online banking/ mobile banking
Password protect the mobile device.
Download signed applications only from trusted sources.
Keep the mobile device with you or secure the device when not in use.
Never store usernames/passwords on the device.
Notify credit union and carrier when any information has been compromised or device has been lost/stolen.
Mom & Son are on a joint account together. Mom uses this account for her SS check. Son also has an account of his own that is currently about to charge off and a signature loan that has already been charged off. What is the name of the rule that allows us to collect for sons account through moms account?
RIGHT TO REPAYMENT OF INDEBTEDNESS.