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Courtesy Pay and Reg E

  1.  
    Members have to Opt In to Courtesy Pay.
    A. True B. False
  2.  
    What is the Overdraw Tolerance Limit for Personal Checking Accounts?
    A. $25.00-$2,500.00 B. $0.00-$1,500.00 C. $50.00-$1,000.00 D. $25.00-$1,750.00
  3.  
    What do you do when a member wants to opt out of Reg E?
    A. Submit a Service Event B. Tell them that they can't opt out C. Change the Overdraw Tolerance in the tree D. Select Remove Coverage and have member sign form
  4.  
    Courtesy Pay strives to cover:
    A. One-time debit card transactions B. ATM withdrawals C. Netflix D. Checks, ACH, Recurring debit card transactions
  5.  
    Account Types not eligible for Courtesy Pay are:
    A. Trust Accounts B. Minor Accounts, SSI/Rep Payee Accounts, Estate Accounts, Opportunity Checking Accounts C. Kasasa Cash and Standard Checking D. Business Checking Accounts
  6.  
    New Checking Accounts will have a limit of _______ for the first 30 days.
    A. $25.00 B. $0.00 C. $500.00 D. $50.00
  7.  
    Overdraw Tolerance Limits are updated by ILS monthly.
    A. False B. True
Answer Key
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Courtesy Pay and Reg E (Answer Key)

  1.  
    Members have to Opt In to Courtesy Pay.
    A. True B. False
  2.  
    What is the Overdraw Tolerance Limit for Personal Checking Accounts?
    A. $25.00-$2,500.00 B. $0.00-$1,500.00 C. $50.00-$1,000.00 D. $25.00-$1,750.00
  3.  
    What do you do when a member wants to opt out of Reg E?
    A. Submit a Service Event B. Tell them that they can't opt out C. Change the Overdraw Tolerance in the tree D. Select Remove Coverage and have member sign form
  4.  
    Courtesy Pay strives to cover:
    A. One-time debit card transactions B. ATM withdrawals C. Netflix D. Checks, ACH, Recurring debit card transactions
  5.  
    Account Types not eligible for Courtesy Pay are:
    A. Trust Accounts B. Minor Accounts, SSI/Rep Payee Accounts, Estate Accounts, Opportunity Checking Accounts C. Kasasa Cash and Standard Checking D. Business Checking Accounts
  6.  
    New Checking Accounts will have a limit of _______ for the first 30 days.
    A. $25.00 B. $0.00 C. $500.00 D. $50.00
  7.  
    Overdraw Tolerance Limits are updated by ILS monthly.
    A. False B. True

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