Success is a Process
A member gives you a check for $500.00. Deposit $300.00 to the share draft, $150.00 for a Loan Payment and the rest, cash back to the member.
What is KRSDLPCD?
Account Number and Teller Number.
What must be written on a check when you except it for depositing or cashing?
This Federal Regulation instructs financial institutions on how to accept checks for negotiation. Primary focus is on check holds and how long checks can be placed on hold. Holds are based on federal districts.
What is Regulation CC or Funds Availability Act?
Primary Share Savings
What is the first share we open to be a member with GBFCU?
Disclosing an auto loan rate to a member.
What is "The rate is 3.40% to 17.99% which is figured by your credit score and the term of the loan"?
Transfer $100.00 from the Primary Savings to the Secondary Share Savings S04 on another account the member is a signer on.
What is SWXSDY
The maximum length of time a check may be placed on hold.
What is a local check 2 days, Non-local checks up to 2 days and New Accounts (30 days) and other exceptions up to 7 days?
A Federal Regulation which states that the credit union must disclose the terms and conditions of an account. Such as quoting fees, balance requirements and the rate.
What is Regulation DD or Truth in Savings Act?
Annual Percentage Rate
What is the Current Rate Being paid?
Paying off a GBFCU Visa from their last statement and the member gives you a check.
What is REPGEN – VISAPAY, get the balance as of the date of the statement and do transaction codes – KRLP?
When a member brings in 20 checks in the amount of 12.00, 423.00, 25.98, 34.00, 98.78, 560.00, 46.00, 31.00, 96.00, 70.00, 19.00, 54.00, 53.00, 67.00, 117.00, 29.00, 450.00, 65.00, 34.00 and 610.00 to be deposited to their Primary Savings .
What is BK then BZ?
A category of criminal acts that involve making the unlawful use of one or more check or checking accounts to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. They use the float time (how long it takes for a check to clear) with these different institutions to use monies that do not exist.
What is Check Kiting?
A Federal Regulation that requires us to notify our members of how we gather and use their information.
What is Regulation P or Privacy Act or Gramm Leech Bliley Act?
Warnings can be placed on 4 areas in Symitar.
What is account level, share level, loan level, and/or card level?
The 5 days that we allow members to pay their Visa's after the 25th of the month; is called the Grace Period.
What is False?
Member wants to talk with someone about a Home Equity Line of Credit.
What is MORTGAGE.INTERVIEW
These are items that make a check negotiable.
What are: MICR Line, Cannot be stale dated, Pay Through Bank, Maker's Signature, Endorsed on the back, Numeric and written amount matches?
A report generated by Symitar when issuing negotiable items (cashier’s check or travelers check) purchased with $3,000.00 to $10,000.00 in cash. Sent to the Federal government when requested.
What is a monetary transaction report?
The differences between APY and APR.
What is Annual Percentage Yield is the annual average based upon the rate. Annual Percentage Rate is the current rate being paid
Paying off a GBFCU Visa to a zero balance (they owe interest) and the member gives you cash.
What is IQ, Loan Payoff, write down the total payoff, total payoff principle, and total payoff interest? Transaction codes CRLPZ
A member wants to purchase 3 cashier’s checks for $37.68, $177.89, and $56.13 giving you a check for $77.50 with the rest drawn from the basic share account.
What is KRSDKDKDKDSW?
It is a check that is being returned for a certain reason like: NSF, missing endorsements, Altered or fictitious. It is a copy of the original check and the MICR line should have “4” or “5” to confirm it is this type check.
What is a Substitute Check?
This Regulation regulates cash transactions and suspicious activity to discourage certain crimes.
What is the Bank Secrecy Act?
REVIEW.CHECKS gives this information on the member.
What is when Account was opened, how many NSFs, average balance, where they work, what deposits were made in last 60 days, any notes concerning checks, and if the check should be placed on hold?
It covers when a member’s car is totaled or stolen and pays the difference of what they insurance says their car is worth to what they owe on the car. It gives then $1,000 for their next vehicle if they get it with GBFCU.
What is Guaranteed Asset Protection (GAP)?