Banking Terminology
All About Checks
Product Knowledge
Fees, Fees & Fees!
CIP & Me
100
Based on the rate of a deposit account. Includes the compounding effect of interest.
What is Annual Percentage Yield(APY)?
100
Your go-to-guidelines when cashing checks.
What is Transaction Limit Guide?
100
The two types of personal checking accounts offered by Peoples Bank
What is essential checking and Personal Relationship Checking(PRC)?
100
The cost of a cashier's check.
What is $7.00
100
This is what CIP stands for.
What is Customer Identification Program?
200
Number issued to an entity/business for the purpose of reporting taxes.
What is an Employer Identifaction Number(EIN)?
200
These two fields should match to accept a check. :max_bytes(150000):strip_icc():format(webp)/PartsofaCheck-db0a112b331244e392c2426ac417becb.jpeg)
What is #3 & #4?
**numerical amount and legal amount**
200
Dollar amount required for most account openings.
What is $50.00?
200
The threshold before overdraft fees are charged with every new transactions. 
What is -$20.00?
200
The 3 pieces of identifying information needed when cashing a check for a non-customer.
What is ID type, ID number, and expiration date?
300
A cash item drawn on the bank itself. Funds are considered guaranteed.
What is a cashier's check?
300
A monetary instrument that has become stale dated.
What is a check dated older than six months?*unless otherwise stated on the item
300
Location to sign up for online Statements.
What is Peoples Bank *desktop* online banking?
300
Account remarks MUST be added after this refund is issued.
What is * one time lifetime courtesy refund? *
300
The general qualification to be considered a customer.
What is open a deposit account or credit account (ex. car loan) with the bank?
400
A non interest bearing checking account.
What is A demand deposit account(DDA)?
400
This check cashing scenario requires an OFAC search when over $1000.00 dollars.
What is an On-Us-Check(s) for a Non Customer?
400
A savings account available to anyone under the age of 20.
What is a Youth Savings Account?
400
The standard fee for ordering foreign currency for a customer.
What is $15?
400
If the customer identifies with another gender (or name) than what is on their valid government ID.
What is add customer remarks?
500
Administers and oversees laws and regulations that impose economic sanctions against certain countries, companies and individuals to further US foreign policy.
What is The Office of Foreign Assests Control(OFAC)?
500
The 3 guidelines to determine recourse on cashed/deposited items.
What is Date Opened, Average Balance, OD/NSF History?
500
The standard *daily* spending limit on your Peoples Bank Debit Card
What is $2500.00?
500
The early withdrawal penalty on a 6 month CD.
What is 3 months of interest on the principal withdrawn.
500
Two numerical pieces of identifying information required for opening an account for an individual
What is Date of birth and Taxpayer Identification Number?