Funds Availability
Funds Availability Quiz
Test your knowledge on funds availability and check processing with our comprehensive quiz! Designed for banking professionals, this quiz covers real-world scenarios and regulatory guidelines.
Key topics include:
- Float amounts and check types
- Check deposits for new members
- Handling different transaction types
Mr. Brown , An 10 year member , comes to pay on auto loan for $400 , $200 On Credit card and remaining to Checking account . What's the float amount ? What is the check considered ?=
1 Day float $872, Next day check
No hold $600, 1 day float $272.00
2 Day Float $872, Non Next Day check
1 Day Float $272, Next Day check
When new members deposit a check into their savings, what actions should be taken ?
Deposit check in USD, place hold on check for 5 days and put on hold in Sessions using IMMP
Deposit check in Encore for 5 days reason : 30 days or less
Deposit Check in Encore and place hold on check for 5 days and put on hold in Sessions using IMMP
Deposit Check in Encore and place hold on check For 5 days , reason : 30 days or less , and place hold in sessions using IMMP
A new member ( less than 30 days ) , wants to deposit a cashier check for $15000.00 , What float amounts should you put in encore ?
5 day $15000.00, reason : your account being open 30 days or less
1 day $225.00 , 2 day $225.00 , 5 day $14550.00
2 day $15000.00
1 day $5525.00 , 5 day $9475.00 reason : your account being open 30 days or less
A member just left 30 minutes ago to deposit a check with one of your colleagues for $1100.00 non next day check. She comes back in because she forgot to deposit one of her checks she had in her wallet for $1423.74. What float amount should you enter ?
1 day $225 , 2nd day $1423.74 , next day
1 day $1423.74, non next day
1 day $1423.74 , next day
1 day $1423.74, no hold
Mr. Marles came to the branch to deposit $200.00 in cash to his checking, pay $1700.00 on his car loan from his check and deposit remaining to certificate . How would you process this in encore ? What float would you put in encore ?
Deposit $200 to checking ,Multiple Transaction, 1 day float $5700.00 apply $1700 to loan and $4000.00 to certificate
Deposit $200 to checking , Multiple Transaction, no hold on $1700 apply to loan and 1 day float $4000.00
Deposit $200 to checking , Separate Transaction( end), check deposit 1 day float check for $5700.00, apply $1700 to loan and $4000.00 to certificate
Deposit $200 to checking , Separate Transaction ( end), 2 day float $5700.00 apply $1700 to loan and $4000.00 to certificate
What type of check is this considered and float amount ?
Non next day , 2 day $2251.40 , reason: doubt of collectibility
Non next day , 2 day $2251.40
Next day, 2 day $2251.40
Non next day , 5 day $2251.40
What float amount should you enter in Encore and what is the Check being deposit considered ?
Next Day , 2 day float $4700.00
Non next day , $225 released 2 day float $4475.00
Non next day , 1 day float $4700.00
Non next day , 2 day float $4700.00
Non next day , 5 day float $4700 , reason :Doubt of Collectability> Altered of fictious check
What float amount should you enter in Encore and what is the Check being deposit considered ?
Next Day and Non next day, 2 day float $3800.00
Next Day and Non next day, 1 day float $1000.00 2 day $2800.00
No hold and next day , no float $2800.00 and 1 day $1000.00
Next Day and Non next day, 1 day float $2800 2 day $1000.00
What float amount should you enter in Encore and what is the Check being deposit considered ?
No Hold
Non next day , 1 day float $500.00
Next day , 1 day float $500.00
Non next day , 2 day float $500.00
What float amount should you enter in Encore and what is the Check being deposit considered ?
Non next day , 2 day float $15000.00
Next day , 2 day float $15000.00
Next day , 1 day float $15000.00
No hold
{"name":"Funds Availability", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge on funds availability and check processing with our comprehensive quiz! Designed for banking professionals, this quiz covers real-world scenarios and regulatory guidelines.Key topics include:Float amounts and check typesCheck deposits for new membersHandling different transaction types","img":"https:/images/course8.png"}
More Quizzes
Week 8
4240
Post Sanction Documentation Questionnaire
10528
Quiz 4 Goldenwest
26130
Bank Of Ireland Level 4min 20 seconds
12620
Member Services Knowledge Quiz
1165
Funds Availability
10516
MonSTARS Quiz
12622
Manual Floats
10559
SRD Account Management Quiz KDUNN
1586
Branch Cashier Activities
10516
Originations Day 1
1367
Smart Top Up Variant
11637