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Policies
CIP
Regulations
CRA
Check Cashing Guidelines & Reg. CC
100
It outlines how clients can initiate wire transfers, a PIN is needed by authorized associates to complete any transfers, specifies daily transfer limits for different types of transfers, and specifically states that transfer requests received by email or fax will be denied.
What is the Wire Transfer Policy?
100
The Bank Secrecy Act requires us to collect five pieces of information from an individual before opening an account.
What is legal name, physical address, date of birth, tax ID number, and documentation to verify above information?
100
Requires financial institutions to explain their information sharing practices to clients, safeguard sensitive data, and sets the standards for privacy that are outlined in Regulation P.
What is the Gramm-Leach-Bliley Act?
100
A statute that was enacted by Congress in 1977, evaluating banks on meeting the credit needs of the communities where they do business. The regulators use the bank's record to evaluate applications for bank mergers, charters, future acquisitions, branch openings, etc.
What is the Community Reinvestment Act?
100
We must follow this regulation when a client presents a non-FFB check to deposit or cash.
What is Reg. CC?
200
By visiting a banking center, by calling the wire transfer department directly and using their assigned PIN, and commercial clients can accomplish through the Online Banking Cash Management Service.
How can a client request a wire transfer?
200
The seven primary IDs accepted by First Financial Bank
What are valid in state driver's license or state ID, passport, U.S. passport card, military ID, Alien Registration Card, or Global Entry Card
200
Requires banks to provide notice to clients about their policies & practices, describe when they may disclose nonpublic personal information to nonaffiliated 3rd parties, instructions for Opting out, and requires the sending of annual notices to clients stating our privacy policy and provide that same notice at account opening.
What is Regulation P?
200
The path>Departments>Community Development>Quick Links or Departments>Compliance>Quick Links
Where is the CRA Public File located?
200
According to Reg. CC, a client is new to the bank when this condition exists.
What is the client has not had any deposit accounts with FFB in the previous 30 calendar days?
300
This is the balance that is verified when completing a wire transfer using funds from a client account.
What is the Collected Balance?
300
This is the required information to collect from the identification provided by the client.
What is the type of ID, the number, issuer of document, issue date, and expiration date?
300
The client's account relationship with First Financial bank, account numbers, social security numbers.
What are some examples of nonpublic personal information?
300
Name of client and what section(s) of the CRA Public File requested.
What is emailed to our CRA officer?
300
When opening a new account for a new client this is the amount and number of days that we can hold a $7,000 non-FFB Official Check.
What is $2,000 for seven days
400
Requires financial institutions to explain their information sharing practices to clients, safeguard sensitive data, and sets the standards for privacy that are outlined in Regulation P.
What is the Gramm-Leach-Bliley Act?
400
The Bank Secrecy Act requires us to collect the following four pieces of information about a business entity before opening an account.
What is legal name of business, physical address, TIN, and documentation used to verify the above information.
400
Enforces the Electronic Funds Transfer Act and established rights and responsibilities for electronic services by providing protection for consumers who engage in EFTs. It does not apply to business accounts. Clients may choose to opt-in or opt-out of Overdraft Privilege.?
What is Regulation E?
400
Robie Suggs & Satisfactory
Who is our CRA Officer and what is our current rating?
400
When opening a new account the client presents a business payroll check for $2,378. 27 to deposit. Following Reg. CC this amount is available to the client immediately, and this amount is available in _________ days.
What is $0 immediately and $2,378.27 in 7 business days.
500
Requires banks to provide notice to clients about their policies & practices, describe when they may disclose nonpublic personal information to nonaffiliated 3rd parties, instructions for Opting out, and requires the sending of annual notices to clients stating our privacy policy and provide that same notice at account opening.
What is Regulation P?
500
This form is used when the individual does not have a tax ID number.
What is the W8 form?
500
Detecting and reporting unusual or suspicious transactions that potentially expose the bank to financial loss, increased expenses, or reputational risk. Avoiding criminal exposure from persons who use or attempt to use the bank’s products and services for illicit purposes.
What is Client Due Diligence and Account Due Diligence?
500
The assigned rating of the bank, a map of assessments, list of branches, a copy of the CRA exam, and complaints and responses that were submitted to the Regulator over the past 3 years.
What is included in the CRA Public File?
500
These are the steps that must be followed when a client presents an Official Check.
Look at Check Casing Guidelines