Private Wealth Management
This strategy involves transferring assets to heirs during one's lifetime to estate size.
What is lifetime gifting?
This score is needed to buy a home.
What is a FICO (or credit) score?
Name the currencies of Canada and Mexico.
What is Canadian Dollar and Mexican Peso.
The federal agency established to support small business owners and entrepreneurs by providing access to capital, counseling, and contracting expertise.
What is the SBA or Small Business Administration?
This type of insurance is often used to fund buy-sell agreements in succession plans.
What is key person insurance?
This type of donation allows a client to support a charity and receive an immediate tax deduction.
What is a cash gift?
This is the percentage down payment often believed to be required to buy a home, though many buyers qualify with much less.
What is 20%?
An appreciation in U.S. dollar benefits U.S. importers and is detrimental to the U.S. exporters.
What is True?
Business banking works with this size of client.
What is $2.5 million up to $50MM in revenue with some exceptions related to commercial real estate and agriculture?
The Business Credit Card platform that simplifies and automates a business’s payables process.
What is U.S. Bank Spend Management?
This type of trust provides income to a beneficiary for a set period before the remainder goes to charity.
What is a charitable remainder trust (CRT)?
This is the type of down payment required to purchase a home through certain government-backed loan programs like USDA or VA.
What is no money down?
Name the interest-bearing Foreign Currency account available to both US Bank consumers and businesses.
What is Foreign Currency Time Deposit?
The minimum number of residential units in a multi-family commercial property Business Banking will provide financing for.
What is 5 or more units?
Client purchases 100 euros at 1.10 market, EUR/USD is currently valued at 1.20. How much will the USD client gain if they convert.
What is profit $10?
This type of trust allows business owners to transfer ownership while minimizing estate taxes.
What is a family limited partnership (FLP)?
The max loan to value is 97% for this type of home loan.
What is the American Dream Loan?
___________is a binding agreement between client and bank to sell one currency to buy another currency. Exchange rate pre-booked with the FX desk.
What is Contract Number?
The process Business Banking uses to analyze a business’s money movement. Risk for fraud, opportunity for cost and efficiency improvement, and overall payments optimization.
What is an Operating Cycle Review?
This account lets donors contribute assets, receive a tax deduction, and recommend grants over time.
What is a donor-advised fund (DAF)?
This foundation is created and funded by an individual or family to support long-term charitable goals.
What is a private foundation?
This is the maximum amount for a conforming loan backed by Fannie Mae in 2025.
What is $806,500.
______rates at which large financial institutions (banks) lend and exchange currencies or short-term funds with one another. Reflecting closest to true market value before markups and can be commonly found via internet search engine.
What is interbank market rate?
The tools Business Banking utilizes to identify services a client utilizes with another provider and businesses within we do not currently work with.
What are the Money Movement Analytics and CBB Market Intelligence dashboards?
_________is a type of fee that banks may deduct from an international wire transfer, reducing the amount the recipient receives. These charges are typically incurred by intermediary or recipient banks to process and handle incoming international payments.
What is lifting fee?