Cloud Banking Trivia Questions Test! Quiz
Cloud banking is one of the emerging issues when it comes to the banking sector, and it is just a matter of time before all the banks adapt to this change in technology. Take up the quiz below and get to see the processes involved in cloud banking as an employee and how well you understand it. All the best!
- 1.
Are previous Rewards Checking account holders automatically enrolled into Advantage Checking?
- A.
Yes
- B.
No, but they can accept the terms and enroll when they register for Cloud Banking
- C.
No
- D.
Only if the enrollment date of Rewards Checking preceeded March 7th.
Correct Answer
C. NoExplanation
The correct answer is No. This means that previous Rewards Checking account holders are not automatically enrolled into Advantage Checking. They have the option to accept the terms and enroll when they register for Cloud Banking, but it is not an automatic process.Rate this question:
-
- 2.
What is the fee for stop payments through Sunny By Phone?
- A.
$35
- B.
$10
- C.
$25
- D.
$20
- E.
Sunny By Phone doesn't let you stop payments
Correct Answer
E. Sunny By pHone doesn't let you stop paymentsExplanation
The correct answer is that Sunny By Phone doesn't let you stop payments. This means that if you want to stop a payment through Sunny By Phone, you will not be able to do so. This could be due to their specific policies or limitations on their platform.Rate this question:
-
- 3.
What is wrong with the iPad? (see picture below)
- A.
The wrong website is showing
- B.
There is no internet connection
- C.
There is nothing wrong with the picture
- D.
What's an iPad?
Correct Answer
B. There is no internet connectionExplanation
The correct answer is that there is no internet connection. This can be inferred from the given options, where the other options do not indicate any issue with the iPad itself. Additionally, the statement "There is no internet connection" directly addresses the problem mentioned in the question.Rate this question:
-
- 4.
To check the status of a debit card in CAMS, what is the first thing you should do after clicking on the debit card number?
- A.
Click 'Retrieve Card Details'
- B.
Look at the CAMS-ii Status
- C.
Change the PIN number of the card
- D.
Print a new card
Correct Answer
A. Click 'Retrieve Card Details'Explanation
After clicking on the debit card number in CAMS, the first thing you should do is click on 'Retrieve Card Details'. This action will allow you to access the information associated with the debit card, such as the current status, balance, transaction history, and any other relevant details. It is important to retrieve the card details before proceeding with any other actions or changes to ensure that you have the most up-to-date and accurate information about the debit card.Rate this question:
-
- 5.
When using TXT Banking, what do you type in as the recipient for the message?
- A.
8557862228
- B.
6016497181
- C.
Csfcu
- D.
Explanation
In TXT Banking, the recipient for the message is the email address [email protected]. This means that when using TXT Banking, you would type this email address as the recipient for your message.Rate this question:
-
- 6.
What is fee for the Holiday Club Withdrawals?
- A.
$5
- B.
$25
- C.
$10
- D.
$20
Correct Answer
B. $25Explanation
The fee for Holiday Club Withdrawals is $25.Rate this question:
-
- 7.
When is it allowed to waive the Holiday Club withdrawal fee?
- A.
Never
- B.
If the customer has a passionate story about why they should not pay the fee
- C.
If it is the first time they have performed a withdrawal since conversion and the member is seeking to close the account.
- D.
If your direct supervisor is at lunch and they are raising their voice
Correct Answer
C. If it is the first time they have performed a withdrawal since conversion and the member is seeking to close the account.Explanation
The correct answer is if it is the first time they have performed a withdrawal since conversion and the member is seeking to close the account. This means that if a member wants to close their account and it is their first time making a withdrawal since the account was converted, they will not be charged a withdrawal fee.Rate this question:
-
- 8.
How do you key the transaction for Holiday Club withdrawals?
- A.
Keyed as a transfer out
- B.
Keyed as a quick withdrawal
- C.
Call upper management
- D.
Keyed as a withdrawal
Correct Answer
D. Keyed as a withdrawalExplanation
The correct answer is "keyed as a withdrawal". This means that when processing a transaction for Holiday Club withdrawals, it should be recorded as a withdrawal rather than a transfer out or a quick withdrawal. Calling upper management is not necessary for this task.Rate this question:
-
- 9.
Once a member opens an account with CSFCU, how do they enroll for Cloud Banking?
- A.
The member will receive an e-mail with user ID / password information to log in
- B.
The member self enrolls using their member # and last 4 of SSN on our website
- C.
The member self enrolls using their member # and 4 digit PIN number on our website
- D.
The member will use the verification codes sent to their phone for their login information
Correct Answer
A. The member will receive an e-mail with user ID / password information to log inExplanation
After opening an account with CSFCU, the member will receive an e-mail containing their user ID and password information. They can then use this information to log in to the Cloud Banking system.Rate this question:
-
- 10.
In a calendar month, a member has done 3 transfers from their savings to their checking account via Cloud Banking, another 2 transfers from their savings to their checking account via the CSFCU Member Service Call Center, another 2 transfers from their savings to their checking account via ATM, and no transfers from their savings to their checking account from the teller line. Is this person within Reg D compliance?
- A.
Yes
- B.
No
- C.
There is not enough information to determine
Correct Answer
A. YesExplanation
Based on the given information, the person has made a total of 7 transfers from their savings to their checking account. Regulation D (Reg D) limits the number of transfers or withdrawals from a savings account to a maximum of 6 per month. Since the person has made 7 transfers, they are not within Reg D compliance.Rate this question:
-
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 21, 2023Quiz Edited by
ProProfs Editorial Team -
Jul 08, 2013Quiz Created by
Nicholas Mathews
Back to top