These types of Business Entities (new customers to FirstBank) must have a full customer record AND a soft hit credit inquiry run at account opening

Next game #5

Quiz
•
Professional Development
•
Professional Development
•
Hard

Julie Fonseca
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Signers on businesses never have full customer records obtained nor their credit run
Signers for Corporations
Single Member LLCs and Sole Proprietorships
only people on Non-profit accounts
2.
MULTIPLE CHOICE QUESTION
1 min • 7 pts
If a NEW CONSUMER customer to FirstBank has NO review indicators and no Low Opening Deposit indicator, and the New Account Rep has NO concerns, what should be put in the CREDIT/CHEX drop down tab in the New Account application to indicate that no CHEX Systems was run?
No Inquiry
You have to run CHEX Systems no matter what
what in the world does this question even mean?
I am going to run CHEX b/c it won't let me upload the customer until I do
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of number is REQUIRED for accounts that accept public funds
License Plate number
PDPA number
Inmate Number
there is no special number required
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
PDPA is an acronym for what?
Public Drunkeness Prevention Association
Pretty Darlings Piercing Association
Public Depost Protection Act
Public Demands Perfume Associaton
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Water, Sanitation, City, Municipal, Town, County and Fire Protection MAY be words that indicate what type of number is needed
License Plate number
Inmate number
Passport number
PDPA number
6.
MULTIPLE CHOICE QUESTION
30 sec • 6 pts
The amount of insurance coverage FirstBank provides for the contents of Safe Boxes
None
$0
it depends on what was in the box
$250,000
up to $10,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the daily minimum balance for non-interest bearing Business Checking Accounts to waive the $12 monthly service fee for accounts that run 150 items or less per statement cycle?
$1,500
There is no minimum balance requirement
$1,000
$1,500
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