Amendment to Business Card Account -… | Ascend Federal Credit Union

Business/Organization Name

Is the business physically located in Tennessee?YesNo

Is the business registered to do business in the state of Tennessee?YesNo

Nature of Business

(Be specific and explain in detail. For example: online retailer selling sports memorabilia; retail store selling women’s clothing, jewelry, and handbags; accounting services specializing in tax preparation; professional office of attorneys)

Money Services Business (MSB) ReviewForeign currency exchange in amounts greater than $1,000 for any person in one dayCash checks in amounts greater than $1,000 for any one person in one day. (This does not include accepting a check for payment from your customer. This is accepting a check and handing that same amount back to the customer in cash or allowing the customer to write a check for greater than the purchase amount and handing the difference back to the customer in cash.)Issue or sell money orders in amounts greater than $1,000 to any one person in one dayTransmit money on your customer’s behalf electronically from one location to anotherAdminister or exchange virtual currencyNon-network-branded card sales that exceed $2,000 maximum value per device on any given dayNetwork-branded card sales that exceed $1,000 maximum per device on any given day

IMPORTANT: If you answered yes to any of the above, the business is considered a Money Services Business (MSB). Ascend Federal Credit Union does not maintain accounts for MSBs due to risk and regulatory burden.

No, the business does not perform any of the above MSB functions

Internet Gambling

Does any portion of the business income come from internet gambling?

Yes

IMPORTANT: The Illegal Internet Gambling Act of 2006 prohibits certain transactions related to internet gambling. Ascend Federal Credit Union does not maintain accounts if any portion of the business income comes from internet gambling.

No Internet Gambling

Expected Activity

Which of the following types of transactions will you perform?

Loomis SafePoint is a vendor of Ascend Federal Credit Union offering a secure smart safe and armored cash-in-transit services. Will your company be using this service to complete your cash transactions?YesNoUnsure. Would like additional information

Will you receive incoming wire transfers from non-U.S. locations?Yes

If yes. From which countries do you expect these wires will be received?

No incoming wire transfers will be received from non-U.S. locations

Will you be depositing checks remotely using mobile/remote deposit capture?

*This is a deposit made by capturing the image of a check and transmitting it electronically to your account at Ascend Federal Credit Union via business mobile banking.

YesNo

Amendment to Business Card Account - Form

Amendment to Business Card Account