Official Check Issue

Official Check Issue

Professional Development

7 Qs

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Official Check Issue

Official Check Issue

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Easy

Created by

Emily Vega

Used 140+ times

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7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Deposit into

Withdrawal from

Transfer to

Transfer from

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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