Alliance Checking Account Benefits
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Questions and Answers

What is the amount a member can earn in additional income annually if they keep $15,000 every month in their Alliance Checking account minus the monthly fee ? (Yes, they meet the necessary requirements)

  • $628
  • $600
  • $528 (correct)
  • $500
  • All the following are benefits of the Alliance Checking Account, except?

  • ID Theft Protection
  • Discounts on Monthly Health Supplements (correct)
  • Roadside assistance reimbursement
  • Cell Phone Protection Insurance
  • What is the maximum reimbursement for cell phone repairs or replacements offered by the Alliance Checking Account?

  • $300
  • $200
  • $500
  • $400 (correct)
  • All are the benefits associated with the Alliance Checking Account, except?

    <p>Discounts on select streaming services</p> Signup and view all the answers

    Which of the following is offered as a complimentary service through The Legal Sentinel program?

    <p>Complimentary will</p> Signup and view all the answers

    What is the App that members can download to use the Alliance Checking Benefits

    <p>Club Checking App</p> Signup and view all the answers

    How often can the credit report for Alliance Checking be refreshed?

    <p>Every 180 days or after identity fraud</p> Signup and view all the answers

    What action is taken when the Risk Level reaches High in the Identity Monitoring service?

    <p>A phone call and email alert the account holders.</p> Signup and view all the answers

    How often can claims be made for cell phone protection under the policy? (Select one)

    <p>Up to 2 claims per 12-month period.</p> Signup and view all the answers

    Who is eligible for comprehensive coverage under the identity protection services?

    <p>Primary and joint account holders.</p> Signup and view all the answers

    ACCU offers every employee a free Alliance Checking Account with no monthly fee so the employees can use and explain the benefits to our members.

    <p>True</p> Signup and view all the answers

    Study Notes

    Alliance Checking Account

    • Earns 4.00% APY on balances up to $15,000, subject to monthly qualifications (direct deposit, 10 signature-based transactions, and enrollment in e-statements).
    • Offers pre-paid legal estate planning with a complimentary will through The Legal Sentinel program.
    • Provides cell phone protection up to $400 for repairs/replacements, from eligible purchases. Cell phone bills must be paid from the account.
    • Includes IDProtect® for identity theft monitoring and resolution.
    • Has shopping rewards for cash back at various retailers with required registration.
    • Offers travel discounts at many local and national businesses.
    • Includes Buyer's Protection & Extended Warranty for debit card purchases.
    • Provides health discount savings on vision, dental, and prescriptions.
    • Offers VIP concierge services and roadside assistance reimbursement (up to $80 per occurrence).
    • Account available for ages 18+. Minimum balance is $0.

    Alliance Checking Account Benefits

    • Earn Dividends: Earns 4.00% APY on balances up to $15,000 with three requirements: direct deposit, 10 signature-based transactions with the debit/ATM card, and enrollment in e-statements.
    • Pre-Paid Estate Planning: Enrollment in The Legal Sentinel pre-paid legal estate planning program for a complimentary will.

    Additional Features

    • Cell Phone Protection: Up to $400 for damaged or stolen cell phones (paid via the checking account).
    • IDProtect: Identity theft monitoring and resolution service, including credit file monitoring.
    • Shopping Rewards: Cash rewards for online shopping at various retailers (registration required).
    • Travel & Leisure Discounts: Deep discounts at many businesses (registration required).
    • Debit Advantage: Buyer's Protection & Extended Warranty for debit card purchases.
    • Health Discounts: Savings on vision, dental, and prescription services.
    • VIP Concierge Services: "911" travel emergency assistance, last-minute travel and flight changes, lost luggage/passport/travel documents, and assistance with restaurant, theatre, and sporting events.
    • Roadside Assistance Expense Reimbursement: Up to $80 per incident.

    Account Details

    • Minimum amount to open: $0
    • Minimum age to open: 18
    • Monthly fee: $6
    • Courtesy pay available: Yes
    • ATM/Debit Card Available: Yes
    • Dividends Compounded & Credited: Monthly
    • Dividend Rate: 4.00% up to $15,000
    • Online Banking Available: Yes
    • Bill Pay Available: Yes
    • Statements Mailed: Monthly

    Requirements for 4% Interest

    • Direct Deposit
    • 10 signature-based "credit" transactions with the member's Debit/ATM Card
    • Enrollment in e-Statements

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    Description

    Discover the advantages of the Alliance Checking Account, which offers a competitive 4.00% APY on balances up to $15,000 along with a range of services including legal estate planning, identity theft monitoring, and exclusive discounts. Learn about the additional perks such as cell phone protection, shopping rewards, and travel discounts that enhance your banking experience.

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