Official Check Issue

These are items a member will purchase when they need a check to be guaranteed by the credit union.

• Official Checks

• Temporary Checks

• Credit Card Checks

• All of the above

An Official check Issue will always begin with a _______ a member's account.

• Deposit into

• Withdrawal from

• Transfer to

• Transfer from

True or False? If you are given cash, you will first need to deposit into the member's account.

• True

• False

If the check is over ________ it will require a second signature before it can be given to the member.

• $500

• $2,000

• $3,000

• $10,000

True or False? After completing the transaction and printing the check, give the member the bottom two sections of the check and keep the top stub to turn in at the end of the day.

• True

• False

True or False? You do not need to place a description on the member's account when issuing an official check issue.

• True

• False

What is one reason why we would waive an official check fee?

• The member has over $25,000 in their account

• The check is being issued from loan proceeds

• The check is going to be made payable to our member

• The fee is never waived