CTR/CRONLOG
When would you Complete a CTR?
$10,000.01 Cash in or out During one business day.
What Regulation Requires us to disclose Rates, Fees, and other terms in connection with an account prior to the account being opened?
Reg DD
At what point do you start asking further questions about a Check?
Anything outside the members usual Activity.
When Do you has to Complete a SAR by?
30 Days from incident
What is Brians Vision?
To Create a unique experience for every number.
What info is needed when completing a CTR?
Name, Address, SSN, DOB, Occupation, ID, and Acct. numbers of all individuals associated with account weather or not they are present.
What regulation Deals with Funds Availability and Check holds?
REG CC
What are the Guidelines for using TrueChecks?
Checks over $100 presented at new account opening, All third Party Checks, Money orders over $500, Suspicious items.
What is required at account opening?
Valid ID
SSN
DOB
Physical Address
Name
Secondary ID
When would you use Ent Ethics Point?
Specific example.
;)
A member comes in to withdraw 8,000 cash. You notice he already deposited 5,500. Do you need to fill out a CTR? or a CronLog.
Neither.
What does the FACT act Stand For?
Fair and Accurate Credit Reporting Act
What is the policy for Savings Only accounts and check holds?
All Checks except Payroll Checks ( With Paystubs ) put on a 9 Bus. Day hold.
Payroll Checks get $300 Immediately and remaining on a 2 day hold ( 4 day for large amounts )
When do you tell the member that you are going to file a SAR?
Never
What is OFAC
Office Of Foreign Asset Control
What does CTR Stand for?
Currency Transaction Report
What Product is exempt from Reg DD?
Loans
What are the two methods for examining a Check taught by Ent?
Z Method and Clock Method
How Many years are SARs kept for?
5 Years
What is the number you text apply to when applying for a credit card?
91956
1970
What are the Safe guard exceptions for RegCC? Name 3
New Accounts
Reasonable Cause
Savings only
Checks totaling More than $5,000
Re-Deposit of a returned item.
Failure of Computer equipment
Account repeatedly overdrawn
List the 5 types of Endorsements.
Blank, Restrictive, Special, Conditional, Qualified
Where do you go to Complete a SAR?
Cherwell Self Service Portal
What does Chris's Plant Pot say in the lobby?
Let us Help you Grow