Quiz 3

Check Disbursed (Official Checks) the Fee is $1 unless

Money Manager Value Added(Discontinued)

Money manager Plus (Discontinued)

Priority(Discontinued)

Priority Plus(Discontinued)

Presidents Club

Employee

$5,000 aggregate (total)

Money order- Limit of 1000, no payee no remitter

Cashiers check-any amount, has payee and remitter

Correcting Check disbursing errors.

1. Write on the back . "Not used for intended purposes."

2. Have member endorse

3.Deposit into members account -KR SD

4. Make new check - SW KD

1. Write on the back " Corrected check"

Status of Official Checks:Navigate>>Accounting>>Check manager-Status field should say:___________. If it says anything else, we cannot take the check.

Issued

Official

SAR

Filled out whenever there is suspicious activity that may cause the credit union risk or exposure.

Do not tell the member

CTR

Filled out on cash transactions exceeding $10,000 in 1 day

W/non member form will not auto generate

Aggregate amounts in and out and in separate transactions

Form will auto generate

Must tell the member

Cash Handling. Always lock your ______________ and ______________when you leave your station. Take your ____________ with you.

Computer, drawer,key

Phone, Computer, Purse

Drawer limits. Both drawer limits cannot exceed $__________.The top drawer cannot exceed $___________ and the bottom drawer contains _________.

$10,000.$3.000. Remainder

$5,000.$2,500.$1,000.

Why do we arrange the bills in the same direction?

Easier to spot counterfeit bills

More professional

More uniform

Cash Counting Policy. When do you count cash?

1. Recieving(from member or drawer)

2.Tic Marks(received or disbursed)

3. Giving(to member or drawer)

Additional Tips:

Verify cash verbally with member-In lobby and drive thru

Keep hands up

Keep cashbox clean and organized

Use Sortkwik-fingertip grip enhancer used for counting money

Always keep money on counter when exchanging bills with members

Be accurate, your speed will come with time

Coin counters are at _____________and ____________

Layton Branch

Kaysville Branch

26th Street

Slatersville Branch

3 step process while taking checks

1)Screen -Date, Payee, Written amount, Institution, MICR line, Signature

2)Teller # top left corner, legibly

3)Endorsement and Account #- on back of check

Areas to Screen- 1)Date:

Government not to exceed 1 year

Be aware of checks that say not valid after 90 days etc

Two party checks cannot be older than 6 months

Same w/ 3 party checks (has 6 month limit)

Areas to Screen: 2) Payee

Check must be made payable to someone or to cash

Endorsement must be exactly as made payable

All payees must sign

Areas to Screen: 3)Written amount

Written amount is the legal amount and must be taken accordingly

Number amount is legal amount and must be taken accordingly

Areas to Screen: 4)Institution

Check must be payable through an institution

Check must be payable through a payee

Areas to Screen 5) MICR Line/ Encoding

Must have routing and account # on the bottom

Must have account number on the bottom only

Areas to Screen 6) Signature

Check must be signed by the maker

Check must be signed by the bank

Endorsements

Cash back-Signature and account #

3 Party checks- Payee on check has to sign, then they write to pay to the order of, then that person signs given to a 3rd person , A check made out from one person to another then a 3rd person

Business Deposit only- Stamp and account #

Deposit only ( Goldenwest Stamp)- Stamp and account #

Restrictive Endorsement- Restricts what you can do w/check, Loan payoff check-ask senior teller for help

Check approvals over $_________ need to be approved by a certified check approver

200

100

Do not disclose your limit ____________ to the member, always ___________ yourself and verify _______.

Limit. Dismiss. 'Key information'.

Teller #. Dismiss. 'Key information'.

Policy Violation

1st Violation: Written Warning

Continued Violation: Probation/ Termination

1st Violation: Verbal Warning

Key information: "Why should I take this check?"

1)New account?

2)Matching seasoned funds (main menu, verification of deposit)

3)Check history(IQ, related functions, view transaction history)

4)Loans

5) Direct Deposit (IQ, related functions, view transaction history, Advanced, deposit)

How far should you check back on Matching seasoned funds, check history, and direct deposit?

3 months

1 week

A check hold is a __________ placed on a check to protect a credit union.

Time period

Savings

Federal regulation states that any check deposited into a checking share can only be on hold for _______ business days.

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Quiz 3

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