Boardman Jeopardy

Acronyms

100

APY

What is Annual Percentage Yield?

200

CTR

What is Currency Transaction Report?

300

CRA

What is Community Reinvestment Act?

400

ACH

What is Automated Clearing House?

500

FDIC

What is the Federal Deposit Insurance Corporation?

Product Knowledge

100

This is the minimum deposit required to open a WesBanco checking account.

What is $50?

200

The name of the savings account that features a combined statement and allows the client to avoid the minimum balance requirement.

What is Companion Savings?

300

The standard daily POS limit on a debit card attached to a WesBanco One account.

What is $3000

400

This is the term length of a WesBanco Home Equity Flexline.

What is 25 years?

500

The best advertised interest rate we offer.

What is 3.75% APY?

Potpourri

100

This president is memorialized on the on the $50 dollar bill.

Who is Ulysses S. Grant?

200

Founded in 1913, this institution serves as America's central bank.

What is the Federal Reserve?

300

This is the largest denomination of currency ever issued for public circulation

What is the $10,000 bill?

400

This term describes the increase in value earned on both your original investment as well as previously earned interest.

What is compound interest?

500

This stock index contains the 30 largest US companies.

What is the Dow Jones Industrial Average?

Regs on Regs on Regs

100

Also known as the Expedited Funds Availability Act, this legislation was enacted in 1987 and established federal standards for quickly customers must receive access to deposited funds.

What is Reg CC?

200

Also known as the Electronic Funds Transfer Act, this regulation was enacted in 1979 and established disclosure requirements, liability limitations, and error-resolution procedures for ATM, Debit card transactions and ACH, among others.

What is Reg E?

300

Also known as the Truth in Savings Act, this regulation was enacted in 1993 and include disclosure requirements for APY,  account opening disclosures, and advertising rules

What is Reg DD?

400

No insider information here...this regulation was enacted in 1979 and is designed to prevent bank executives from using their positions to gain favorable loan unavailable to regular customers.

What is Reg O?

500

Also known as the Truth in Lending Act, this regulation was enacted in 1969 and was designed to standardize the disclosure of credit costs for borrowers, like interest rates, payment schedules, and interest costs.

What is Reg Z

Fraud

100

This fraud scheme involves tricking someone into revealing personal or account information by posing as a legitimate institution, often via email or phone.

What is Phishing/Pig Butchering?

200

This is the e-form we should fill out if we notice unusual behavior of account activity, and is found on WesNet.

What is a PSAR (Possible Suspicious Activity Report)

300

A scheme in which fraudsters deposit a check and quickly withdraw the funds before the check is returned unpaid.

What is kiting?

400

This scheme involves someone intercepting and altering a legitimate checking, often by changing the payee and amount.

What is check washing?

500

If a debit card is lost or stolen, notifying the bank within this many business days of learning of the loss/theft keeps maximum liability to $50.

What is 2 days?