Personal Checking Accounts Details/Fees Flashcards
What is the minimum opening deposit for all three personal checking tiers?
$20 for Essentials, Plus, and Deluxe
Which personal checking tiers are interest bearing?
Essentials & Plus: No
Deluxe: tiered interest
Which personal checking tiers have a monthly service fee?
Essentials: none
Plus: $15 per month; OR waived if $7,000 in combined personal monthly average deposit and/or outstanding loan balance; OR $2,500 in direct deposits per statement period.
Deluxe: $25 per month; OR waived if $30,000 in combined personal monthly average deposit and/or outstanding loan balance; OR $5,000 in direct deposits per statement period.
Which personal checking tiers have an online banking monthly fee?
None of them
Which personal checking tiers have an online banking Bill Pay service fee?
None of them
Which personal checking tiers have free mobile check deposit?
All of them
Which personal checking tiers have an ATM Fee rebate?
Essentials: None
Plus: Up to $8 per monthly statement period
Deluxe: Up to $12 per monthly statement period
Which personal checking tiers receive free kalo design checks?
All of them (Kalo design starter checks for Essentials)
Which personal checking tiers receive a free Visa debit card?
All of them.
Gold for Essentials; Platinum for Plus and Deluxe
Which personal checking tiers have a monthly statement savings account service fee?
Essentials: fee charged
Plus & Deluxe: fee waived
What is the paper statement fee for each personal checking tier?
Essentials: $5/month
Plus: fee waived
Deluxe: fee waived
What is the paper IMAGE statement fee for each personal checking tier?
Essentials: fee charged ($3/month)
Plus: fee waived
Deluxe: fee waived
What is the incoming wire transfer fee for the personal checking account tiers?
Essentials: fee charged ($13 per wire transfer)
Plus: fee waived
Deluxe: fee waived
What are the Traveler’s Cheques and Cashier’s Checks fees for the personal checking account tiers?
Essentials: fee charged ($12 each)
Plus: fee charged ($12 each)
Deluxe: fee waived
What is the notary fee for the personal checking account tiers?
Essentials: fee charged ($5 each)
Plus: fee charged ($5 each)
Deluxe: fee waived
What is the Safe Deposit Box rental fee for the personal checking account tiers?
Essentials: fee charged
Plus: fee charged
Deluxe: free small box or $40 off a larger box with auto pay
Which personal checking account tiers come with a private toll free phone number?
Deluxe accounts
What are the two Overdraft Solutions customers can choose from?
1) Savings Overdraft Transfer Fee
2) Annual fee on Preferred Credit Line Overdraft Protection
What is a Savings Overdraft Transfer and what is its fee?
Checking account overdraft protection from a linked Statement Savings or Tiered Savings account.
Essentials: $10 per transfer
Plus: $5 per transfer
Deluxe: fee waived
What is Preferred CreditLine Overdraft Protection and is there an annual fee?
Checking account overdraft protection using a line of credit that is subject to application, credit qualification, underwriting, and credit policy of ASB.
Essentials: fee charged
Plus: fee waived
Deluxe: fee waived
What are the types preferred rates and loan discounts available for personal checking?
- CD’s (terms of 30 days or more)
- New Preferred CreditLine Overdraft Protection
- New Home Equity Line of Credit
- Residential Mortgage (new purchase or refinance)
What is a Home Equity Line of Credit (HELOC)?
A loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower’s equity of their house.
What is Home Equity?
The portion of your home that you’ve paid off. It’s the difference between what the home is worth and how much is still owed on your mortgage.
What is a Residential Mortgage refinance?
Taking out a new mortgage loan to replace your existing one. Homeowners refinance because you can lock in a better interest rate and loan terms on your new mortgage. So you can take out a new loan that’s more affordable or benefits you in another way.
