The Treasury Trials
How long does a new business have to wait to get access to Wire Manager/ACH Services?
90 days
Before opening a new account, banks must verify a client’s identity using documents like a driver’s license or passport, in compliance with this federal regulation.
Customer Identification Program (CIP)
Name three types of business-related functions for our organizational checking?
How much is a paper statement fee for an EZ Checking?
$3
This regulation governs the availability of funds and the collection of checks, ensuring timely access to deposited funds
REG CC
How much does RDC cost a month?
$50
This federal act requires banks to collect and verify information to prevent money laundering and terrorist financing.
The USA PATRIOT Act
What is the monthly service fee on a Simple Business Checking if the balance isn't maintained?
$10
What is the minimum balance you must maintain in order to avoid a fee on the Kearny Bank Changemaker account?
$500
This internal control principle requires two authorized individuals to be present when accessing sensitive areas like vaults or performing high-risk transactions.
Dual Control
If a client has existing business accounts elsewhere with ACH, how long will it take for them to get ACH with us?
30 days (with 3 months of statements to show that they've been utilizing ACH)
This is the required waiting period before we can close, transfer, or issue a duplicate passbook that has been reported as lost
7 days
How much is wire manager monthly?
$15
What is the monthly service fee on a Kearny Bank Changemaker account if the minimum balance isn't maintained?
$10
As of July 1, 2025, this is the new threshold amount above which banks may delay the availability of check deposits under the large deposit exception
$6,725
What is the discount for utilizing wire manager online for domestic and international wires?
$25/$45
This transaction code is used when closing a certificate of deposit early and applying a penalty.
230
Name one industry that would benefit from Zescrow.
Attorneys (IOLTAs)
Property Managers
Municipalities
Title companies
Landlords (a minimum of one property)
What is the minimum balance to maintain in a Simple Business Checking to avoid the fee?
$1,000
To open a business bank account for an LLC, banks require an EIN, at times an Operating Agreement, and one of these official formation documents filed with the state.
Articles of Organization or Certificate of Formation
How much is ACH services monthly, per batch and per item?
$10/$10/$0.10
After closing a client’s account in Integrated Teller or Navigator, this final step ensures the signature card is properly archived.
Reindexing the signature card to “closed"
POS Solutions That Makes Cents promotion was rolled out by Clover on July 1st. When does this campaign go until?
September 30th
For the High Yield Checking you will be reimbursed ATM Fees (foreign and domestic) up to how much as a bonus?
$25
What document allows a spouse to claim funds held in an individual account without the need of passing through an estate?