Virtual Wallet Basics
The Virtual Wallet bundle of accounts consists of which 3 accounts?
Spend, Reserve, and Growth
The Virtual Wallet bundle defaults to which account for primary overdraft protection?
The Reserve account
What is the fee for online statements?
ITS FREEE! :)
Color-coded in red, a Danger Day warns clients when they’re at risk of overdrawing their Spend account using what VW feature?
The Calendar!
What does LCM stands for?
Low Cash Mode
What's the minimum amount needed to open Virtual Wallet account?
$0 minimum to open!
With the Virtual Wallet Spend ONLY is overdraft protection automatically setup?
Overdraft Protection isn’t automatically set up. Eligible accounts may be selected as the overdraft protection account.
There is a monthly service charge of $_____ for the standard Virtual Wallet account if one of the account requirements are not met.
What feature gives the client a way to see how their money is distributed in their Spend and Reserve accounts? It shows their money in three buckets: Scheduled out, Free, and Reserve.
The Money Bar!
If the customer brings their available balance to at least $___ before Extra Time expires, they won't be charged an Overdraft Item fee.
$0
Can the Virtual Wallet consist of a Spend account only?
Yes! :)
How much money transfers over for overdraft protection for a checking/savings account?
The exact amount of the overdraft is transferred.
Paper statements are a $___ fee per month
$3
What feature helps clients see what they’ve saved for in the past and what they’re saving for today?
The Savings Engine!
______ provides customers with the ability to review and manage pay/return decisions on certain check /ACH payments when their available balance becomes negative.
Payment Control
In order to waive the monthly service fee of the standard Virtual Wallet account the average combined monthly balance in the Spend and Reserve must be ___?
$500
How much money transfers over for overdraft protection with credit card/Line of credit?
A $50 minimum is transferred, if available, and rounded up to the next whole dollar.
How much is an expedited card delivery fee?
$25
What feature Allows clients to see their spending broken down by category and set budgets to keep their spending in check?
Spending + Budgets!
"Low Cash Mode Extra Time remaining" Identifies how much Extra Time is remaining at the milestones they selected. The options are ___ or __ hours remaining.
12 or 24 hours
There would be no monthly service charge if the account signer is age ____ or older
62
Overdraft protection transfers from a credit card are also charged a ______ Fee.
Cash Advance Fee
How much is an overdraft fee?
$36
What feature provides a high-level summary of the client's accounts? including:
Quickview!
Payment control is only available for ____ and ____ transactions.
Check and ACH transactions