Sharepoint Scavenger Hunt - 1

10 Questions | Total Attempts: 29

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Sharepoint Scavenger Hunt - 1

All of the answers to these questions can be found in documents on SharePoint.


Questions and Answers
  • 1. 
    What is the minimum dollar amount to open a certificate (CD) on an adult account?
    • A. 

      $50

    • B. 

      $250

    • C. 

      $500

    • D. 

      There is no minimum

  • 2. 
    What is the primary difference between regular and secured credit cards?
    • A. 

      The minimum payment is greater on the secured card.

    • B. 

      The member has to lock funds in a savings or money market account at the time of opening.

    • C. 

      The secured card cannot be used as over draft protection.

  • 3. 
    Check the boxes for all of the TRUE statements about our counterfeit bill procedures:
    • A. 

      The bill must be sent to the Secret Service the day you receive it.

    • B. 

      If the member insists, you should give the bill back.

    • C. 

      The bill should be signed on the border by the member and teller receiving it.

    • D. 

      You should give the member credit for the bill.

    • E. 

      You must fill out a Counterfeit Note Report that records the details of the bill and any details of where the member got it from.

  • 4. 
    Which of the following is not an included transaction that requires a CTR when in excess of $10,000?
    • A. 

      Cash Withdraws

    • B. 

      Cash Deposits

    • C. 

      Share-to-share transfers

    • D. 

      Purchasing an official check with cash

  • 5. 
    Fill in the blank:Financial institutions must be able to provide a record of aggregate cash sales of official checks, money orders, traveler’s checks, and gift cards totaling between $3,000 and $10,000. This would be recorded on the __________ Log
  • 6. 
    Check any of the following that are "special situation" exceptions to Reg CC check holding guidelines.
    • A. 

      Re-deposited Checks

    • B. 

      Repeatedly Overdrawn Accounts

    • C. 

      New Accounts

    • D. 

      Large Dollar Amounts

    • E. 

      Reasonable Cause to Doubt Collectability

    • F. 

      Emergency Contitions

  • 7. 
    True or false: A POA can still obtain account information after the primary member has died.
    • A. 

      True

    • B. 

      False

  • 8. 
    When someone is presenting a government check (examples: treasury checks, tax refunds), which of the following is NOT true?
    • A. 

      They can be signed over as long as both people are present with an ID.

    • B. 

      They can be accepted with no hold (as long as they seem legitimate).

    • C. 

      They cannot be cashed by non-members.

  • 9. 
    True or False: a recent ChexSystems report is required when ordering a member's first Debit AND/OR ATM card.
    • A. 

      True

    • B. 

      False