Name That Checking Account
I'm the "New" kid on the block. There is no open deposit requirement for me.
Free Checking
If this account sits at a 0.00 balance it will close after....30 days or 60 days?
60 Days
True or False
Debit card...who needs one?! Am I Right?!
FALSE! We want those people who LOVE using their debit cards to get into this account.
My interest gets capped after the balance hits 100,000.
Money Market
I have requirements on my account. Such as direct depoist, estatements and daily 500 min balance or 1000 monthly....which account am I? (ask Chrisie how she feels about me)
Interest Checking
--just shy of highway robbery in my opinion...stupid account
If you are in between the ages of 14-24 this might be the account for you. I only require 25.00 to be opened.
Student Checking
True or False. Regardless of estatements, you can have Free Bill Pay?
True. You do NOT need to have estatements with the Free Checking, to have FREE Bill Pay. Unlike other checking accounts.
If you close the Connect Savings, you can still have the Connect Checking.
I have a pretty exciting interest rate, for a checking account. .10% Hint-I am a more 'exclusive' account
Veterans Checking
Question - Where can you find all this information?
SharePoint - Retail Operations - Product Information
I was once the leader of the pack for NO AOD/NSF fees. However, this account does have a $4 fee. No way around that one.
Smart Choice Checking
This account can have AOD?
Trick question...while the account canNOT have traditional Overdraft protection. A savings account can be set up for transfer to cover items coming out of the checking account.
What are the requirements for increased interest on my savings account?
18-49 Transactions 3.00%
50+ Transactions 4.00%
High Balance Money Market - How much is my fee if you fall below 100k balance?
$25.00 Monthly
This checking account DOES NOT have dormant fees!
(I was shocked)
Smart Choice Checking
(although....you automatically pay $4 a month)
I prefer the 'older' crowd. I like to offer incentives such as, no fees on money orders or cashiers checks. Reduced foreign ATM fees.
50 Advantage
As a Free Checking account, I am not allowed to have Direct Deposit or estatements.
WRONG! You can absolutely have these options! They are just NOT required to avoid fees, like our other checking accounts.
If you don't use your debit card at least 18 times per month, there is a fee?
NOPE! You just won't earn the increased interest rate on your checking account.
Need to have Direct Deposit or estatements and a minimum daily balance of $500. (ask chrisie how she feels about this account)
Interest Checking
(and I think it's stupid...all that for .01)
If a student checking is still the product for the client by the time they turn 25, what account will is convert to?
Centier Checking
People sometimes forget about me. I am $25 to open. I'm free (no fees) with direct deposit or estatements. My overdraft fee is only $25 rather than $35. I like to 'salute' my account owners.
Veterans Checking
Are you allowed to have checks with this account?
While checks are becoming more obselete. Yes! You can absolutely have checks, but you would still have to pay for the cost.
There is a $2.00 fee on this account if you don't have what??
Direct Deposit
Estatements
OR
$100 daily balance
A client had 100k + and has no plans to spend it, but rather let it grow. What account(s) should we offer?
1) HBMM
2) MM
3) CD potentially
Client is 17 years old. Has a job that offers direct deposit. Is excited about having a debit card and thinks they will use it A LOT. Is not interested in a savings at this time. What checking accounts would they do well in? Mom/Dad would like to avoid fees for the kiddo.
Centier Checking