ENAC 2019 | Pre- Req Quiz 2

The suffix for a Basic Checking Account is...

• 00

• 30

• 50

The ACU Basic Checking Account monthly fee is...

• $25

• $26

• $0

• $12

The minimum balance requirement for a Basic Checking Account is...

• $25

• $26

• $0

• $12

True or False: The Basic Checking Account earns interest on the balance.

• True

• False

Members may have a checking account without having a savings account.

• True

• False

Members who have unpaid closures on a ChexSystems report...

• Should receive a ChexSystems notice or Adverse Action form from ACU

• May qualify for On-Track Checking if the member can provide documentation of paid closures

• Can avoid paying the unpaid closures by passing the CheckRight quiz.

• All of the above.

• a and b

The On-Track Checking monthly fee is ____.

• $7

• $8

• $9

• $10

The On-Track checking account requires a share pledge of ___ if the member does not have direct deposit.

• $50

• $75

• $100

• $200

True or False: Members with On-Track Checking accounts are not offered debit cards.

• True

• False

When does the monthly fee for On-Track checking accounts clear?

• 1st of the month

• 15th of the month

• 25th of the month