BOLB & BMB
BOLB & BMB Funds Transfer Quiz
Test your knowledge on BOLB and BMB funds transfer with this comprehensive quiz! This quiz is designed to cover various aspects of secure messaging, bulk payments, and customer fun
Whether you are a professional in the financial sector or just someone looking to improve your understanding, this quiz allows you to:
- Evaluate your knowledge on transfer limits and charges
- Learn about customer registrations and account updates
- Understand payment authorizations and methods
3rd party funds transfer (business) - day limit
100,000
50,000
250,000
200,000
Bips Payment charge (online)
£25
£20
£15
Free
SLA for secure messaging
5 working days
24 hours
Immediate
48 hours
How many bulk payments can people make in a single transaction
10
25
50
100
Customers need to register for secure messaging
True
False
Customers see their currency accounts online
True
False
Can all customers make 1st and 3rd party payments from their cfc
Yes
No
* A subset of customers can make international payments from their Foreign Currency (CFC) accounts through Online Banking. As this is only available to a subset of customers, you should be prepared to help our customers with queries about the new functionality in Online Banking, but do not share the news proactively until the roll-out is complete in mid-June.
* A subset of customers can make international payments from their Foreign Currency (CFC) accounts through Online Banking. As this is only available to a subset of customers, you should be prepared to help our customers with queries about the new functionality in Online Banking, but do not share the news proactively until the roll-out is complete in mid-June.
What address's can a customer update online
Main/trading
Registered
Corrospondance
Duplicate corrospondance
- An address cannot be removed – it can only be updated.
- Business customers with a complex signing mandate accounts cannot update their contact details online.
- An address cannot be removed – it can only be updated.
- Business customers with a complex signing mandate accounts cannot update their contact details online.
Is bulk payment available on BMB
Yes
No
What is the minimum amount of payee's for bulk payments
1
10
20
5
For new beneficials being set up with in bulk payments, what authorisation will be needed?
Pinsentry
Passcode
- Customers with passcode are only able to make payments to a beneficiary on the beneficiary register or previously saved payees. If they wish to pay a new payee they will be diverted to PINsentry to upgrade their online banking access.
- New 3rd party payments will need to be authorised using PINsentry.
- Customers with passcode are only able to make payments to a beneficiary on the beneficiary register or previously saved payees. If they wish to pay a new payee they will be diverted to PINsentry to upgrade their online banking access.
- New 3rd party payments will need to be authorised using PINsentry.
Which methods can customers set up bulk payments
In Branch
BOLB
BMB
Telephone banking
How to set up
Customers do need to set up the service themselves using Online Banking.
To access this service, advise customer to:
log in to Online Banking
select ‘Pay and transfer’ from the menu
then ‘Group Payments’
How to set up
Customers do need to set up the service themselves using Online Banking.
To access this service, advise customer to:
log in to Online Banking
select ‘Pay and transfer’ from the menu
then ‘Group Payments’
{"name":"BOLB & BMB", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge on BOLB and BMB funds transfer with this comprehensive quiz! This quiz is designed to cover various aspects of secure messaging, bulk payments, and customer functionalities.Whether you are a professional in the financial sector or just someone looking to improve your understanding, this quiz allows you to:Evaluate your knowledge on transfer limits and chargesLearn about customer registrations and account updatesUnderstand payment authorizations and methods","img":"https:/images/course1.png"}