Banking Basics
What is the number that identifies a financial institution for electronic payments?
Routing number
This three-digit number helps lenders assess a borrowers credit risk,
Credit score
Overdraft fee
$28 per item
This type of question uncovers what a customer actually needs..
Discovery question
This document summarizes deposits, withdrawals, and balances in an account.
Bank statement
A loan secured by a home is called this..
Mortgage
Fresh Start Basic (without direct deposit)
$9.95
Referral
What does ATM stand for?
Automatic Teller Machine
The percentage charged for borrowing money is known as this..
interest rate
3rd Party check cashing (non member)
$5
A customers financial goals can help you identify this..
The right product/solution
What does APR stand for?
Annual Percentage Rate
Using a smaller portion of available revolving credit can help this factor..
credit utilization
Check stop payment through online banking
$15
A customers financial goals can help you identify this...
The right product/solution
What is Reg CC primarily concerned with...
Funds availability and check-hold requirements
A loan with regular payments over a set period is commonly called this...
Installment loan
Bank to Bank wire
$15
A customer has excess cash sitting in a checking account. One thing you could discuss is...
Savings/investment options