What Checking Am I?
I can be as young as 14 to open but I need to have a parent or guardian added as a signer.
What is Student Checking
TRO
What is Tax Reporting Owner
I am the President and CEO.
Who is Stephen Lewis
I am an acronym for this.
What is Currency Transaction Report
A teller's top drawer should NOT be over $2500 daily.
True
I'm perfect for making a fresh start with banking due to previous overdraft history with other banks, however, you can't write checks drawn from me.
What is an Uncommon Account
SAR
What is Suspicious Activity Report
I am the BSA Officer.
Who is Renee Russell
The cash amount threshold that would trigger a CTR.
What is $10,000.01
During a robbery, the important thing to do is panic.
False. The important thing is to remain calm and do what the robber tells you to do
I must maintain a daily balance of $1000 to avoid a $10 monthly maintenance fee. "Interestingly" I'm the only one in the family found on our rate sheet.
What is an Interest Checking
POS
What is Point of Sale
I am the Security Officer and Chief Information Officer.
Who is Patrick Quinn
Before we let the customer finish the transaction, what two important pieces of info do we need from them?
What are their current Driver's License and Occupation
If a minor on a custodial account comes in to withdraw funds, we advise them because the way the account is set up that they cannot conduct transactions on it.
True. Only the Custodian can make transactions
I'm the newest member of the checking account family. I'm perfect for those who have given so much to our country and/or community.
What is a Hometown Hero Account.
ACH
What is Automated Clearing House
I am the Chief Operating Officer.
Who is Tim Bergstrom
When someone tries to break up transactions into smaller amounts for the purpose of avoiding a CTR.
What is structuring
MTL stands for Monetary Transit Log
False. Monetary Transaction Log
I usually maintain a high balance. To gain preferred rates and to avoid a $15 monthly maintenance fee, I would need to be linked to the same kind of savings account. Talk about a "Power Couple"!
What is a Relationship Checking
OFAC
What is Office of Foreign Asset Control
I am the Chief Financial Officer.
Who is Rebekah Stokes
What is purpose of filing a CTR?
To safeguard financial institutions from threats posed by money laundering and other financial crime
If a customer gives you over $10,000 in cash to purchase a bank check you have to file BOTH a CTR and an MTL.
False. In this instance, because of the amount of cash, you would only need to file a CTR; an MTL is not necessary.