Priority Banking E-quiz (Pfc/ ERM/ Rm/ Rsm/ Csms/Bosms/Stms/Bdms) 2nd Link

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  • 1/10 Questions

    Priority Banking Customer requests for his family members to be accorded Priority banking status in SG. Who does not qualify?

    • Wife
    • Sister in law
    • Eldest Son
    • Youngest daughter
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About This Quiz

Priority Banking Re-Launch E-Quiz for PFC/ ERM/ RM/ RSM/ CSMs/BOSMs/STMs/BDMs
(2nd link)

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Banking Quizzes & Trivia

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  • 2. 

    When applying for emergency cash application in Singapore, what are the mandatory application requirements in an event customer has lost his SCB ATM card and passport?

    • Passport

    • NRIC of home country

    • Working Permit in SG

    • Signature on the completed Emergency Cash Application form should be consistent as records of account to be debited from in originating country. The form should then be faxed over to customer’s originating country.

    Correct Answer
    A. Signature on the completed Emergency Cash Application form should be consistent as records of account to be debited from in originating country. The form should then be faxed over to customer’s originating country.
    Explanation
    In the event that a customer has lost his SCB ATM card and passport and is applying for emergency cash in Singapore, one of the mandatory requirements is that the signature on the completed Emergency Cash Application form should be consistent with the records of the account to be debited from in the customer's originating country. Additionally, the form should be faxed over to the customer's originating country. This ensures that the customer's identity and account information are verified and that the emergency cash is disbursed to the correct account.

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  • 3. 

    Which of the following is not part of the on us cross border outward telegraphic transfer fee rebate?

    • Cable/telex/cover charge

    • Handling commission including commission in lieu/service fees

    • Other miscellaneous charges such as OTT inland exchange/OTTSME/SGG Payment CR Through Hogan Account/Surcharge for AUD Remittance

    • Amendment/Cancellation/Overseas Charges will continue to be levied

    Correct Answer
    A. Amendment/Cancellation/Overseas Charges will continue to be levied
    Explanation
    The given answer states that Amendment/Cancellation/Overseas Charges will continue to be levied, implying that these charges are not part of the on us cross border outward telegraphic transfer fee rebate.

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  • 4. 

     Under the Global Recognition service, RM should:

    • Verify if customer is a Priority customer in originating country. Account Opening and PB upgrading should follow only there after.

    • Open account and pend Priority Banking sign up. Upon verification if customer is a Priority Banking customer in originating country, proceed with upgrade; else reject customer’s request to upgrade

    • Request to sight Priority Banking ATM/Debit card of originating country. Open account and proceed with Priority Banking sign up. Email to country champion to verify of customer is a Priority Banking customer in originating country. If so, continue to engage customer. Else, advice customer that he would be given 1 year grace period to increase his holdings with Standard Chartered Bank Singapore to meet the minimum eligibility criteria.

    • Tell customer that Singapore is not part of this Global Recognition service scheme and will not accept his request.

    Correct Answer
    A. Request to sight Priority Banking ATM/Debit card of originating country. Open account and proceed with Priority Banking sign up. Email to country champion to verify of customer is a Priority Banking customer in originating country. If so, continue to engage customer. Else, advice customer that he would be given 1 year grace period to increase his holdings with Standard Chartered Bank Singapore to meet the minimum eligibility criteria.
    Explanation
    The correct answer is to request to sight Priority Banking ATM/Debit card of originating country, open the account, and proceed with Priority Banking sign up. An email should be sent to the country champion to verify if the customer is a Priority Banking customer in the originating country. If the verification is successful, the bank should continue to engage with the customer. If not, the bank should advise the customer that they will be given a one-year grace period to increase their holdings with Standard Chartered Bank Singapore to meet the minimum eligibility criteria.

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  • 5. 

    A SG Priority Banking customer has holdings with SCB Hong Kong, SCB Thailand, SCB Indonesia, SCB Malaysia, SCB India, SCB UAE and SCB Nigeria. Upon logging into SG Online banking, the Global Link feature allows him to link and view their overseas account balances from:

    • Up to 5 countries out of Hong Kong, Thailand, Indonesia, Malaysia, India, UAE

    • All countries listed here

    • Only Hong Kong and Malaysia

    • Only Nigeria, UAE & Hong Kong

    Correct Answer
    A. Up to 5 countries out of Hong Kong, Thailand, Indonesia, Malaysia, India, UAE
    Explanation
    The Global Link feature in SG Online banking allows the SG Priority Banking customer to link and view their overseas account balances from up to 5 countries out of Hong Kong, Thailand, Indonesia, Malaysia, India, and UAE. This means that the customer can choose any combination of these countries to link and view their account balances, but they cannot exceed a total of 5 countries.

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  • 6. 

    Which customers will enjoy a fee waiver on overseas ATM cash withdrawal?A) SG Priority Banking Customer A makes an ATM withdrawal using CitiBank’s ATM in USA.B) SG Excel Banking Customer B makes an ATM withdrawal using SCB Thailand ATM.C) SG Priority Banking Customer C makes an ATM withdrawal using SCB Hong Kong ATM.D) SG Priority Banking Customer D makes an ATM withdrawal using SCB SG ATM5 network.

    • All of the above

    • A, B, C only

    • A & C only

    • A & D only

    Correct Answer
    A. A & C only
    Explanation
    SG Priority Banking Customer A and SG Priority Banking Customer C will enjoy a fee waiver on overseas ATM cash withdrawal.

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  • 7. 

    Which of the following customer is eligible for Priority Banking status in Singapore?A) Customer A has S$280K in e$aver and S$500K Mortgage loanB) Customer B is a qualified Priority Banking customer in Hong KongC)   Customer C is not a qualified Priority Banking customer in Indonesia and Korean but is a qualified customer in IndiaD) Customer D has an SCB payroll account where monthly salary credited is S$20K.

    • All of the above

    • None of the above

    • A, B & D only

    • A & B only

    Correct Answer
    A. All of the above
    Explanation
    All of the above customers are eligible for Priority Banking status in Singapore. Customer A meets the eligibility criteria by having a significant amount in their e$aver account and a mortgage loan. Customer B is already a qualified Priority Banking customer in Hong Kong, which makes them eligible in Singapore as well. Customer C may not be eligible in Indonesia and Korea, but they are a qualified customer in India, which still qualifies them for Priority Banking status in Singapore. Customer D is eligible because they have an SCB payroll account with a monthly salary credited of S$20K.

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  • 8. 

    What type of services will customer get to enjoy at Singapore international Priority Banking Centres when offshore customers from other SCB footprints presents his/her Priority Banking debit/ ATM and or Credit Card?A. Use of our exclusive Priority Banking lounge facilitiesB. Emergency cash servicesC. Remote account opening assistance and enquiriesD. Free wireless and/or internet access    

    • All of the above

    • None of the above

    • A, B & C only

    • A & B only

    Correct Answer
    A. A, B & C only
    Explanation
    Customers who are offshore and present their Priority Banking debit/ATM and/or Credit Card at Singapore international Priority Banking Centres will be able to enjoy the use of exclusive Priority Banking lounge facilities, emergency cash services, and remote account opening assistance and enquiries. They will not receive free wireless and/or internet access.

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  • 9. 

    In which of the following scenarios will the cross border outward telegraphic transfer fee rebate apply?A)  Customer A is a Priority Banking customer with SG SCB and makes an OTT to SCB HKB) Customer B logs onto SG Internet Banking and makes an OTT to SCB MY.C) Customer C request to be upgraded to be Priority Banking and thereafter makes an OTT to HSBC.

    • All of the above

    • None of the above

    • A & B only

    • A only

    Correct Answer
    A. A & B only
    Explanation
    The cross border outward telegraphic transfer fee rebate will apply in scenarios A and B only. In scenario A, Customer A is a Priority Banking customer with SG SCB and makes an OTT to SCB HK. In scenario B, Customer B logs onto SG Internet Banking and makes an OTT to SCB MY. In both of these scenarios, the customers are eligible for the fee rebate. However, in scenario C, Customer C requests to be upgraded to Priority Banking and thereafter makes an OTT to HSBC. This scenario does not qualify for the fee rebate.

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  • 10. 

    Priority Banking status expires after 1 year from the date of PB sign up. How can customer renew his membership?

    • Customer cannot renew his membership.

    • Customer needs to meet our eligibility criteria to become a Priority Banking customer by simply maintaining a minimum of S$100,000 in deposits and/or investments, or taking up S$1 million in housing loans with us.

    • Customer needs to meet our eligibility criteria to become a Priority Banking customer by simply maintaining a monthly credit of more than S$16,000 in your SuperSalary Account with us to enjoy a 1-year complimentary Priority Banking membership

    • Customer needs to meet our eligibility criteria to become a Priority Banking customer by simply maintaining a minimum of S$200,000 in deposits alone.

    Correct Answer
    A. Customer needs to meet our eligibility criteria to become a Priority Banking customer by simply maintaining a monthly credit of more than S$16,000 in your SuperSalary Account with us to enjoy a 1-year complimentary Priority Banking membership
    Explanation
    To renew his membership, the customer needs to meet the eligibility criteria of maintaining a monthly credit of more than S$16,000 in their SuperSalary Account with the bank. By doing so, they will be eligible for a 1-year complimentary Priority Banking membership.

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Quiz Review Timeline (Updated): Mar 16, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 16, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jul 17, 2009
    Quiz Created by
    Prioritybanking
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