Exam 17: Banking Services and Procedures

An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a __________ account.

A plan in which payments are transferred, usually electronically, by a paying agency directly to the account of a recipient is called

Something legally transferable to another party is considered

Which type of bank account would be best for maintaining funds that are used for paying seasonal expenses, such as insurance premiums?

Which of the following digits in an RTN represent the individual bank identification number?

The stamp "For deposit only" is a restrictive endorsement.

The deposit is $5,192. The checkbook balance is $10,432. What is the balance after the deposit is made?

Banking by mail is never done now that the use of the Internet is so prevalent.

The physician charges $2,400 for a surgical procedure. The patient pays half of the total amount as a deposit and agrees to make payments of $200 each month until the balance is clear. After three payments, what is the patient's balance?

For individuals to be __________, a personal background investigation normally is necessary.

A patient writes a check for $78 on an account with a balance of $285. What is the total due after the check is posted?

Which of the following is not an acceptable reason for stop-payment on a check?

The checks received today include $56, $78, $57, $43, and $5,633.12. What is the total amount in checks that will be added to the deposit?

The currency taken in during the day includes 9 $20s, 2 $50s, 4 $100s, 6 $10s, and 17 $5s. What is the total currency?