Deposits, NSF & Currency Conversions

Deposits, NSF & Currency Conversions

Professional Development

10 Qs

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Deposits, NSF & Currency Conversions

Deposits, NSF & Currency Conversions

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Hard

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

To whom should the cheques be payable according to the dealer code?

ACM, AFM or AEIS, based on the dealer code

Only to the client

Only to the branch manager

To any bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Where does the deposit show after being made?

In demand

In savings

In pending

In overdraft

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Can the deposit reversal be done the next day by the branch?

No, same day

Yes, any day

Only after a week

Only after approval

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What button do we use in Action pro to reverse a deposit if it is available?

REV

CANCEL

UNDO

REVERSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Where can you find a Deposit reconciliation cheat sheet to guide the branch?

AAnet and Navigator

Branch website

Client portal

Advisor handbook

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image


How long will it take for the money to go back in the client’s account after a reversal?

Up to 3 weeks

Same day

Within 24 hours

Up to 6 months

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What team notifies the branch of NSF?

Trust Accounting

Client Services

CX Processors

Senior SA

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