Tier 1 Part 2 Summary Quiz
Digit creates a $5.49 save for a user with USAA on Tuesday, April 24th. When would the user see that save debit their checking account?
Wednesday, April 25th
Tuesday, April 24th
Thursday, April 26th
Friday, April 27th
A save is created for a user with Bank of America the morning of Friday, January 2nd. When would that debit the user's checking account?
Friday, January 2nd
Monday, January 5th
Saturday, January 3rd
Tuesday, January 6th
Choose the setting that would be best to recommend for the following situation:
Digit created a save for a user when his checking balance was safe enough to save at, but some emergency expenses towards the end of the day caused that save to overdraft him when it was debited from checking the next business day.
Overdraft Prevention
Minimum
Auto-withdrawal
Boost
What bank do we use to send payments from debt and bill goals?
Wells Fargo
JP Morgan Chase
BBVA
USAA
Charles Schwabb
What is not a requirement for a referral bonus to be paid out?
Referred user must create a custom goal
Referred user must have their first automatic save
Referred user must connect a checking account not already connected to an existing Digit account
Referred user must sign-up directly from a referral link
A user with Chase requests a withdrawal on the morning of Tuesday, November 6th. When would that withdrawal post to checking?
Wednesday, November 7th
Thursday, November 8th
Tuesday, November 6th
Friday, November 9th
A user with TD Bank requests a withdrawal to checking the night of Friday, June 13th. What day would that withdrawal post?
Monday, June 16th
Friday, June 13th
Saturday, June 14th
Tuesday, June 17th
What bank do we use to process instant withdrawals (RTP)?
Wells Fargo
BBVA
Capital One
JP Morgan Chase
USAA
Which of these requirements is an example of an anti-money laundering (AML) measure?
Users are required to submit identity verification info in order to use Digit to send debt or bill payments
A user's balance must be returned to them when disconnecting a checking account from Digit
Funds that are in a "pending" state are not available for withdrawal until they move to "posted"
Digit will only connect with banks based in the U.S.
Digit offers interest based on savings balances
True
False
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