Customer Identification
What is required to open a sole proprietorship?
Valid driver's license. (OK customers certification of sole proprietorship)
What is the minimum opening deposit for all business checking accounts?
$100
What limitations does an Authorized sign have?
they can only transact.
When opening an LLC account in Horizon XE, which profile should be built first?
Business Profile.
What is required to open an LLC account
Certified copy of Artiles of Organization, Operating Agreement, and EIN.
What Business account has a $1000 overdraft privilege?
Small Business Checking.
What is the daily POS and ATM limit for a business debit card?
POS: 5000
ATM: 805
What percentage makes someone a beneficial owner.
At least 25%
What is required to open a Corporation account?
Articles of Incorporation, Bylaws, EIN.
What account can only be opened by Sole props and nonprofits?
Right now account.
What is the only Business type that can cash a check made payable to the business.
Sole proprietorship.
What need to be brought in to add an ASG to a Corportation account?
signed meeting minutes.
What is required to open a Partnership account.
partnership agreement or Certified copy of limited partnership. EIN
Can business open a CD?
yes
What checking account has 300 free transactions? 150? 120? 0?
Business Select. Small Business. Right Now. Commercial Analyzed.
What must be provided in order to issue a check to the business owner when closing the account?
Dissolution paperwork.
What is required to open an Organization account.
Organization charter, EIN
Name three of the five types of Commercial Lending loans?
Commercial Real Estate, Commercial Construction, Small Business Admin, Commercial & Industrial, and Business LOC
What is the fee for a roll of coin in a change order? Strap of Cash?
$.05 per roll
$.25 per strap
What information do you need on Horizon to create an ASG profile.
Ben info.