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Super Fun PB3 Closing Activity

Total questions: 26

Worksheet time: 14mins

Name
Class
Date
1.

This part of the address must always be verified when completing a "Change of Address Form"

a)

Zip+4

b)

City

2.

The "Personal Account Alteration" form need to be signed by ______.

a)

All account owners

b)

All account signers

3.

These documents are required when changing a name due to marriage.

a)

Marriage Certificate & Updated DL or State ID

b)

Updated SSN card and Updated DL or State ID

4.

This form is used when changing a Basic Checking to a Marine Perks Checking.

a)

Checking Account Switch Kit

b)

New Signature Card

5.

This trancode is used when closing a checking account.

a)

011

b)

017

6.

This is the extra percentage given to customers with checking accounts on their CD and IRA interest rates.

a)

.10%

b)

10%

7.

This is the length of the grace period the customer has after CD maturity.

a)

10 calendar days

b)

10 business days

8.

This is the penalty to close a CD early.

a)

1/2 of the interest earned

b)

6 months of interest

9.

This is the required minimum balance in a CD.

a)

$1000

b)

$100

10.

The is the only frequency in which Marine Bank will compound/capitalize interest in CDs.

a)

6 months

b)

12 months

11.

A Business must operate under this in order for a CIF to be created for it.

a)

EIN

b)

State Filing

12.

This program is not run on the Business itself, but is ran on all signers.

a)

ChexSystems

b)

Watchdog CIP

13.

This person is the contact at Marine Bank for merchant services.

a)

Nick Oehmke

b)

Craig Tobias

14.

These are the documents required to open an Limited Liability Company (LLC) account.

a)

EIN and Articles of Organization

b)

EIN and Articles of Incorporation

15.

This is where you would find verification of good standing for a corporation.

a)

Cyberdrive Secretary of State

b)

DBA

County Site

16.

Marine Bank employees may notarize a Power of Attorney document, but may not do this.

a)

Act as a witness

b)

Give them a blank POA form to fill out

17.

This is not included as "Financial Institution Transactions" in the Power of Attorney document.

a)

Safe Deposit Box Access

b)

Opening/Closing new accounts

18.

This is the threshold that determines whether a deceased person's assets are required to go through probate or not.

a)

$100,000 and no real estate property

b)

$10,000 and no real estate property

19.

These documents are require to open an Estate Account

a)

EIN

Letters of Office

Death Certificate

b)

EIN

Small Estate Affidavit

Death Certificate

20.

If a customer does not want to provide us with their full trust, they must provide us with the pages showing these pieces of information.

Choose all that apply.

a)

Name of Trust

b)

Name of Grantor(s)

c)

Name of Trustee(s) and Successor Trustees(s)

d)

Beneficiaries

e)

Notarized Signature Page

21.

These conditions must be met in order to be a member of the Mariner Club.

a)

55 or better and $10000 in a checking account

b)

55 or better and $10000 in total deposits

22.

This is the cutoff time for a wire transfer to be sent on the same day.

a)

2pm

b)

3pm

23.

If a customer loses their debit card over the weekend or after 5pm what additional step should you take?

a)

Call CSI to restrict the card

b)

Have them shut off the card on the app

24.

This is the limit of characters that can be on a debit card.

a)

19 characters no including spaces

b)

19 characters including spaces

25.

The Customer Identification Policy requires these 4 minimum pieces of information in order to add a brand new customer to the bank.

Choose all that apply

a)

Name

b)

Date of Birth

c)

Physical Address

d)

Taxpayer

Number

e)

Photo ID

26.

Earning from a Roth IRA have the potential to be withdrawn tax-free when what conditions are met?

a)

59 1/2 and 5 years

b)

72 and 5 years