Bus. Deposit Accts
The Premium Business account monthly fee.
What is $20
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
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.
What business loan products do we offer?
What is Credit Cards, LOC, Fresh start, Auto, Small Business loans
When do overdraft limits change?
on ANY GIVEN DAY!!!!
What is the only Owner benefit that is included in the Premium Business Checking?
What is Mobile Device Coverage
What is the annual fee on the Business Power Cash Back & Business Travel Rewards Mastercards?
$39 - No annual fee for the first year
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.
How long are entity docs good for?
Entity docs are only good for 10years
True/False:
We ARE able to use our resources to pinpoint the exact reason a member's discretionary overdraft limit changed
False
Benefits that cover the owner and their employees
What is Telehealth Plan and Fully Managed Identity Theft Recovery Services
What is the balance transfer fee on commercial credit cards?
Balance Transfer Fee:
3% for all Commercial MasterCard products
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
What docs must be attached and included in the application when submitting for review?
All business entity docs and the Due Diligence Certification form.
How is a members Overdraft Limit Determined?
Capacity to repay
Age of the account
Account history
Status of other account relationships
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
Do we charge a credit card statement fee?
Yes, $2 for paper statement
The teller must process the business account closing transaction by issuing this.
What is cutting an official check in the name of the business.
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
Which accounts are NOT included in the Discretionary Overdraft Program?
Savings
Youth Chking
Estate
Rep Payee
Special/Memorial
& Money Markets
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.
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
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
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.
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