Checking Products
Earns money with a required minimum monthly balance.
What is an interest-bearing account?
Account that does not require a minimum balance and pays very low interest.
What is a basic savings account?
Links account to prevent fees for a negative balance.
What is overdraft protection?
The origin of the term "money laundering".
What is a laundromat?
Account holder is 55 or older.
What is a senior checking account?
Opened by an adult for the benefit of and owned by a minor child.
What is a custodial savings account?
The ability to complete banking transactions without visiting a location.
What is online or mobile banking?
Signed into law by President Bush to prevent the financing of terrorist operations and money laundering.
What is the PATRIOT Act?
For people with a negative banking history.
What is a second chance checking account?
A high-interest account with limited monthly transactions.
What is a money market savings account?
Assistance with depositing funds in multiple products to earn the highest rate of interest possible.
What is investment banking?
The president is seen when holding a banknote up to the light.
What is the watermark?
The account holder is a company with authorized signers.
What is a business account?
Does not have any brick-and-mortar locations.
What is an online savings account?
Completes and submits applications for home purchases.
What is the mortgage department?
Glows a different color for each denomination under a UV light.
Requires a minimum monthly balance from combined accounts.
What is a relationship or premium checking account?
Funds are deposited for a set term with a fixed interest rate.
What is a certificate of deposit?
Provides a holistic approach to managing a customer's banking portfolio.
What is wealth management?
The cash amount that triggers a reportable transaction.
What is $10,000?