CBT Study Guide 2026

Overdraft protection is an optional service where a customer links their checking account to another account, such as a savings account or credit line. If a transaction exceeds the checking balance, the bank automatically transfers funds from the linked account to cover the difference, preventing a decline or a non-sufficient funds (NSF) fee.

An HSA is a tax-advantaged account available to individuals enrolled in a high-deductible health plan (HDHP), used to pay for qualified medical expenses.

A postdated check carries a future date, and the payer intends it not to be cashed until that date arrives, though banks may process it earlier.

The Bank Secrecy Act (BSA) is a cornerstone of anti-money laundering (AML) efforts in the U.S. Its primary purpose is to require financial institutions to assist government agencies in detecting and preventing money laundering and other financial crimes. This is achieved by mandating the reporting of certain transactions and the maintenance of specific records.

Over/short describes the discrepancy between a teller's physical cash and what should be present based on recorded transactions, indicating a potential error.

The most accurate way to verify a cash drawer's balance at the end of a shift is to physically count all the cash, coins, and other negotiable instruments, and then compare this physical total to the amount recorded in the bank's system. This meticulous process ensures that any discrepancies are identified and reconciled, maintaining accurate financial records and preventing losses.