Under the Customer Information Program (CIP) rules, a person's status as a customer equates with account holders. Which activity

Question

3 years ago

13

Under the Customer Information Program (CIP) rules, a person's status as a customer equates with account holders. Which activity

is an account under a bank's CIP?
A. Purchases of general purpose reloadable prepaid cards with an activated overdraft feature
B. The occasional purchase of Official Checks or Traveler's Checks by noncustomers
C. ATM use by noncustomers
D. Cashing of checks for noncustomers

Business

1 answer:

Len [333] · Answer 1 · 2022-01-15T05:27:15+03:00

Len [333]3 years ago

6 0

Answer:

A

Explanation:

This is because it is only an account under a bank that can purchase a general purpose reloadable prepaid cards with an activated overdraft feature.