Which speed key is used for an on-us check?

Which speed key is used for an on-us check?

• A. Speed key for checking deposit
• B. Speed key for on us check
• C. Speed key for savings withdrawal
• D. Speed key for transit check

Answer: (B)

Speed keys are teller shortcuts used to route and process different types of checks and transactions quickly. An on-us check is a check drawn on the same bank where the customer has an account, so it stays inside the bank’s own processing system. Using the speed key for an on-us check tells the system to handle this item as an internal item, allowing direct posting to the customer’s account and typically faster funds availability since there’s no external clearing involved. In contrast, a speed key for a deposit is used for adding funds to an account via cash or checks that are deposited; a transit check is drawn on another bank and must go through external clearing, requiring a different process; and a savings withdrawal isn’t a check and uses a separate workflow.

Speed keys are teller shortcuts used to route and process different types of checks and transactions quickly. An on-us check is a check drawn on the same bank where the customer has an account, so it stays inside the bank’s own processing system. Using the speed key for an on-us check tells the system to handle this item as an internal item, allowing direct posting to the customer’s account and typically faster funds availability since there’s no external clearing involved.

In contrast, a speed key for a deposit is used for adding funds to an account via cash or checks that are deposited; a transit check is drawn on another bank and must go through external clearing, requiring a different process; and a savings withdrawal isn’t a check and uses a separate workflow.