Bus. Deposit Accts
Business Credit Cards
Bus. Acct General Info
Business Loans
Overdraft Protection
100

The Premium Business account monthly fee.

What is $20

100

What are the 3 Business Credit Cards we offered?

Power MasterCard Business Credit Card

Power MasterCard Business CashBack Credit Card

Power MasterCard Business Travel Rewards Credit Card

100

When should the Verifin Questionnaire be filled out?

When any new Business Accounts or Loans are established, and when performing maintenance to existing business accounts.

100

What business loan products do we offer?

What is Credit Cards, LOC, Fresh start, Auto, Small Business loans

100

When do overdraft limits change?

on ANY GIVEN DAY!!!!

200

What is the only Owner benefit that is included in the Premium Business Checking?

What is Mobile Device Coverage

200

What is the annual fee on the Business Power Cash Back & Business Travel Rewards Mastercards?

$39 - No annual fee for the first year

200

Who is eligible for the mobile device coverage under the business?  And what is the waiting period if any to file a claim?

All persons named as signers on the business account and all other supplemental lines on the billing statement.  There is a 30-day waiting period before a claim can be filed.

200

How long are entity docs good for?

Entity docs are only good for 10years

200

True/False:

We ARE able to use our resources to pinpoint the exact reason a member's discretionary overdraft limit changed

False

300

Benefits that cover the owner and their employees

What is Telehealth Plan and Fully Managed Identity Theft Recovery Services

300

What is the balance transfer fee on commercial credit cards?

Balance Transfer Fee:

3% for all Commercial MasterCard products

300

The system will automatically assess this when the business account is closed within the first 90 days.

What is the Early Closure Fee of $5

300

What docs must be attached and included in the application when submitting for review?

All business entity docs and the Due Diligence Certification form.

300

How is a members Overdraft Limit Determined?

  • Capacity to repay
    Age of the account
    Account history
    Status of other account relationships


400

What are the three Data Breach Services that are provided to the Business on the Premium account

What is Data Breach Planning, Response and Remediation

400

Do we charge a credit card statement fee?

Yes, $2 for paper statement

400

The teller must process the business account closing transaction by issuing this.

What is cutting an official check in the name of the business.

400

What two credit limit options can the business owner chose on their credit cards?

Traditional: Set amount on each card

First-Come-First-Serve: The full amount is available on each card

400

Which accounts are NOT included in the Discretionary Overdraft Program?

Savings
Youth Chking
Estate
Rep Payee
Special/Memorial
& Money Markets

500

What fee would the Member be assessed on the following example for Premium account:

Member who keeps $50K average daily balance and processes 300 items

What is free for the first 250 and then $12.50 for the remaining 50 items.

500

On the business Travel Rewards CC what is the bonus incentive?

what is 5,000 points when they spend $1,000 in the first 90 days

500

When a member wishing to downgrade their business account this form must be filed out and sent to.

What is Business account reconstruction form, sent to DL_Acct Type Change

500

Who needs to an applicant when entering a business loan?

What is all signers on the entity docs weather they are an actually signer on the business account.

500

In what order do items clear from deposit accounts?

1.ATM & DEBIT CARDS
2. Over-The-Counter Checks
3.Withdrawals
4.Closing Withdrawals
5.Internal SSFCU Transfers
6.ACH
7.In-Clearing Checks