Withdrawals Quiz

What is a moneylink?

• electronic funds transfer between a schwab account & outside account

• a transfer of assets between accounts at schwab

• System used to settle and clear money market securities

• an electronic transfer of an account and the securities within between broker-dealers

The hold time for an outgoing moneylink is 3 days

• TRUE

• FALSE

Which of the following are transaction codes for Moneylink?

• DDEFT

• $MYLK

• $JHL

• PDEFT

What is the cutoff time for moneylink?

• 7:30 PM ET

• 11:50 PM ET

• 5:30 PM ET

• 4:30 PM ET

What is the maximum transfer amount for a single moneylink transaction?

How many moneylink transactions can be processed for the customer when they call in?

• 100

• 10

• 5

• Unlimited

How can clients set up a moneylink?

• With a rep over the phone

• At a Branch

• Schwab.com

• Mobile App

A client can call into Schwab and have us deactivate an already established moneylink

• TRUE

• FALSE