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 (A)</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 (B)</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 (C)</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 (A)</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. (A)</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. (C)</p> Signup and view all the answers

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

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

Flashcards

Alliance Checking Interest Rate

Alliance Checking offers a 4.00% APY on balances up to $15,000. To earn this interest, you need to meet monthly requirements including direct deposit, 10 signature-based credit transactions using your debit/ATM card, and enrollment in e-statements.

Alliance Checking Estate Planning

Alliance Checking provides a complimentary will through The Legal Sentinel pre-paid legal program. This program offers estate planning services.

Alliance Checking Cell Phone Protection

Alliance Checking offers up to $400 in replacement or repair cost for damaged or stolen phones. This benefit requires that your cell phone bill is paid from your Alliance Checking account.

Alliance Checking Identity Theft Protection

Alliance Checking provides IDProtect® for identity theft monitoring and resolution service. IDProtect® includes credit file monitoring, helping you stay alerted to potential fraud.

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Alliance Checking Shopping Rewards

Alliance Checking offers cash back rewards for shopping online at participating retailers. You need to register and activate the feature for the rewards to work.

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Alliance Checking Travel Discounts

Alliance Checking provides travel discounts at thousands of local and national businesses. You need to register and activate the feature for the discounts to be available.

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Alliance Checking Buyer's Protection

Alliance Checking offers Buyer's Protection & Extended Warranty for items purchased with your debit card. This benefit provides extra protection and helps you avoid unexpected costs.

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Alliance Checking Health Discounts

Alliance Checking provides health discount savings on vision, dental, and prescription services. The exact discounts offered can vary.

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Alliance Checking Concierge Services

Alliance Checking provides VIP concierge services. These services offer assistance and support for various needs.

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Alliance Checking Roadside Assistance

Alliance Checking offers roadside assistance reimbursement up to $80 per occurrence. This benefit can help with unexpected breakdowns.

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Health Discount Savings

A benefit offered by Alliance Checking that provides savings on vision, dental, and prescription services.

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VIP Concierge Services

A feature of Alliance Checking that provides access to emergency travel assistance service.

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Roadside Assistance Expense Reimbursement

A benefit offered by Alliance Checking that reimburses up to $80 per occurrence for roadside assistance expenses.

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Minimum Amount to Open Alliance Checking

The minimum amount required to open an Alliance Checking account. There is no minimum balance required.

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Minimum Age to Open Alliance Checking

The minimum age required to open an Alliance Checking account.

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Monthly Fee for Alliance Checking

The monthly fee associated with Alliance Checking.

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Courtesy Pay for Alliance Checking

A feature of Alliance Checking that allows customers to overdraft their account.

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ATM/Debit Card for Alliance Checking

A feature of Alliance Checking that provides customers with a debit card for ATM and point-of-sale transactions.

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Dividends Compounded & Credited for Alliance Checking

The frequency at which dividends earned on Alliance Checking are compounded and credited to the account.

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Dividend Rate for Alliance Checking

The interest rate earned on Alliance Checking balances up to $15,000.

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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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