Share CIT New Hire Week Two Review
Save to Folder
How should the rate be quoted?
The interest rate is XX% with an annual percentage yield of XX%.
What is the hold time for external accounts initiated by CIT Bank?
5-business days
Name two places you can access the rate sheet.
CIT>com and The Dashboard
An account with two owners and one beneficiary
Totten Trust or Informal Trust or In Trust for
Funds owned by a minor, controlled by parent or guardian
CUTMA or UTMA
FDIC coverage for joint account with no beneficiary.
$500,000
Calculation for FDIC for accounts with beneficiary.
Owner X Beneficiary X 250,000
Elevated verification includes what three methods
CCP, OOW, IDA
If a customer fails OTP, you must move to OOW (T/F)
False
You should move to IDA if the customer fails OOW (T/F)
False
Provide an example of what does not require verification.
General rates, general product information, hours of operation.
Standard verification is required for any request that requires you to access a customers profile (T/F)
True
CC notes require you to document all verification completed (T/F)
True
What cc note information is required for a CD renewal?
Verification completed, last four digits of account number, APY, and term
When can a customer withdrawal money from a NPC without penalty?
As of the 7th business day.
What is the difference between a savings connect and the platnium savings account?
One account is tiered.
