Checking
The five options for Personal Checking Accounts.
What are Student, Simply Free, Freedom Checking, Freedom Plus Checking and Freedom Ultra Checking? $25 minimum to open a checking account.
Linking a deposit account to a checking account to cover accidental overdrafts.
What is Transfer Overdraft Protection?
$25
What is the minimum to open a Statement Savings Account?
$500
What is the minimum amount to open a non commercial CD? Must maintain this minimum balance each day to obtain the disclosed APY. Failure to maintain this minimum balance may result in closure of the account.
This is the WTC ABA Routing Number.
What is 011500858?
No fee money orders, cashier's checks, and notary services. Bonus rates on CD's. Discounts on some loan products. ATM rebates. Some free checks.
What are examples of features of a Freedom Plus and Freedom Ultra Checking Accounts?
Overdraft Protection options are setup in DNA as this type of account.
What is a Draw Account?
The document found through the Intranet that lists annual percentage yield (APY) for a given savings account balance.
What is the Deposit Account Rate Sheet? Rates --> Deposit Rates. Account balances are broken into Tiers to determine the Base and APY. These can change at any time. Per regulation APY is how we quote the interest, not the rate.
Freedom Plus Checking feature. Also applies to Freedom Ultra account holders when not choosing a promo CD.
What is a .25% bonus to base rate (calculated on Deposit Rate Sheet). Not available to Municipalities.
This type of account names a beneficiary to take ownership after the account owner passes away.
What is a Payable On Death (POD) account?
Daily Double: When can you acknowledge and act on behalf of the beneficiary?
Minimum daily balances maintained to pay interest.
What are $1,500 for Freedom Plus and Freedom Ultra Checking and $5,000 for Student, Simply Free and Freedom Checking?
Unsecured line of credit that is accessed through checking.
What is Credit Reserve (CRR)?
The minimum amount to open a Personal Money Market Account.
What is $2,500? A $10 monthly service charge applies if the average daily balance falls below $2,500 during the statement period.
10 Days
How long is the grace period from maturity date for a customer to make changes to the CD without a penalty?
Free check printing option per checking minor.
What are checks are at the customer's expense for Freedom Checking; basic styles are free for Freedom Plus customers (1 order per year) and all check styles (checks only, not extras) are free for Freedom Ultra customers. No checks allowed for Student or Simply Free.
Monthly service charges on personal checking accounts.
What are no monthly service charges on any personal checking accounts when minimum balances are met. Daily Double: State those minimum balances per account minor.
$1000 - $5000
What is the credit limit range on CRR?
This is the only person who can withdraw on a Custodial Savings Account.
Who is the Custodian?
The minimum amount of interest earned to generate a 1099.
What is $10?
Access to promo CD's anytime using existing dollars at WTC, .375% discount on HELOC balances (non promo period), annual fee on HELOC's waived for life of the loan, waived recording fees on HELOANs, free incoming wires, unlimited ATM fee rebates
What are features of Freedom Ultra checking account?
Account scenario to earn .25% off any installment loan?
What is any checking account with automatic deduction?
CRR minimum payment amount.
What is 5% of the outstanding balance or $25, whichever is greater? If payment is not made within 21 days from the statement date, WTC will deduct minimum payment from the DDA Account.
Customers select a date to receive the balance by check or transfer to another WTC account.
What is a Freedom Savings Club Account? $1 to open and customers can make payments at their discretion. No monthly service charge.
3 months of interest.
What is the early withdrawal penalty on a 3 - 6 month CD?
Amounts to open a Non IRA saving/money market account (3 total).
What are $25 for a Statement Savings, $1 for a Savings Club and $2,500 for a Personal Money Market.