BSA-AML Examiner School Case Study eBook

Product or Service

Offered by the Bank

Comments

Yes _X No If yes, describe: The Bank offers checking, savings, CD, HSA and IRA deposit accounts.

Deposit Services * Checking, Savings, and Time Deposits

The Bank obtains required CIP information and checks OFAC on any new customers.

No _X

Yes

Correspondent Banking (Domestic and Foreign) Correspondent accounts (Domestic) Correspondent Accounts (Foreign) U.S. Dollar Drafts Payable Through Accounts Pouch Activities Foreign Branches and Offices of U.S. Banks

If yes, describe:

No _X_

Yes

If yes, describe:

No _X

Yes

Parallel Banking

If yes, describe:

Yes _X No If yes, describe: The Bank offers on-line and mobile banking to all its customers. Volume of Activity number of Consumer and Business Online Banking users

Electronic Banking

All bank customers have access to online banking where they can view accounts, access requires a username and password that is set up by the user. Consumer & Business users can access bill pay using online banking. Since bill pay is used in lieu of a normal customer check, the bank does not check OFAC. The bank offers mobile banking to our online banking account customers. A risk assessment was completed for this service. This Service is only available to customers that open an account at the bank. The individual mobile deposits are reviewed by bank personnel. Transfer Now is available through online/mobile banking. This allows customers to transfer money between an TS&J Bank account and an account they own at another bank.

2023 - 2169 2022 - 2186

Activity is Increasing Decreasing Stable

For Training Purposes Only