Transaction Codes
SW
What is the code for a share withdrawal?
This will happen randomly, before vacation, and if there is an outage of over $10
What is an audit?
This is an account that earns higher dividends than a savings but all funds are completely liquid
What is a money market account?
This service is free and earns $1 in rewards for every $4 spent
What is the TotalRewards debit card?
This person has just as much control over the account as the primary
What is a joint?
SW X SD Y
What is the code for a transfer to another members account?
This is required before entering the building in the morning
What is the "all clear" signal?
This is a government regulated account specifically for retirement
What is an IRA?
This service has a cutoff time of 3pm
What is a wire transfer?
This person only has rights to the account once the account owners are deceased
What is a beneficiary?
PP
What is the code for a principal only payment?
The method we use to determine if a check must be placed on hold
What is the DAMPED method?
This is an account that earns higher dividends but the funds are NOT liquid and cannot be closed early without penalty
What is a CD?
The only branches that have this service are Rosedale, Lamar, Laurel, and Jasper
What is the coin counter?
This person only has access to make deposits/withdraws out of an LLC account but not to close it
What is an authorized signer?
BK
What is the code for a bulk deposit?
This must be filed if there is a withdrawal or deposit of currency over $10k
What is a CTR?
You cannot make a principal only payment on this type of loan
What is a credit card?
This is the minimum amount a non-member can get for a cash advance
What is $50?
This person has the power to close an LLC account and remove/add authorized signers
What is the owner?
IQY
What is the code to see another members account info without having to leave the screen?
This used to report suspicious activity on an account
What is a SAR?
You cannot take a loan advance off of these types of loans
What is a closed-end loan?
You will need to use this if a joint owner has bonds that they want to redeem
What is the non-member bond redemption account?
On this type of business account, an authorized signer CAN close the account with minutes of meeting
What is an association/club account?