CSBS BAI Course Catalog

FedNow

The FedNow Service 10 minutes This course provides an overview of the FedNow Service, including eligible participants, terms of service, and the features and functionality available with the first release. The course also identifies the steps in processing an instant payment through FedNow. Additional information is provided around the adoption process, from determining your institution's overall readiness through enrollment. General Banking Knowledge 40 minutes This course examines general characteristics of deposit accounts, as well as the features and benefits of specific account types offered by many financial institutions. The course is intended for all employees of financial institutions, especially front-line employees, compliance officers, and supervisors. 30 minutes This course examines the different ownership structures available for personal, organization, and fiduciary deposit accounts. The course is intended for all employees of financial institutions, especially front-line employees, compliance officers, and supervisors. 5 minutes This mini-course offers a review of products that financial institutions provide to help meet consumers’ needs, with emphasis on deposit and loan products. The course is intended for all employees, especially front-line employees, tellers, loan officers, and those who process checks and funds. 10 minutes New employees at minority depository institutions (MDIs) and fintech companies that serve MDIs need to understand the role that MDIs play in creating access to financial services and funding community development in underserved communities. This course provides an overview of MDIs and explains what is required to be designated an MDI, what it means to be a mission-driven financial institution, and the benefits of MDI status. 30 minutes Reinforcement is a key component for learning retention on the job. This Jeopardy-like game can be played in both online and classroom settings to reinforce general banking knowledge acquired through the new hire training process. Topics include money handling, financial institution organization, regulations, and products and services. 30 minutes This interactive course, designed for frontline employees and their managers, provides an overview of Nondeposit Investment Products (NDIPs) and the referral process required under the Interagency Statement on Retail Sales of Nondeposit Investment Products as well as compliance considerations. Estimated duration: 30 minutes Deposit Accounts: Characteristics and Types Deposit Accounts: Ownership Key Products in Retail Banking Minority Financial Institutions New Hire: Game Show! Nondeposit Investment Products

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