Check/Cash Handling
What information is needed on the back of the check for non-customer check cashing?
ID number & state
DOB
Issus date
Expiration date
How much is released the following day on a large deposit hold?
5,525
Who is our CRA officer?
Lauren Deegan
What is a CSA I check cashing limit for on-us and transit checks?
$1500
What is the Cash advance limit before needing a supervisor's approval?
$1000 and above
Before cashing a check for a non-customer what must be completed?
OFAC
Check out customers account for available funds
Check signature
Call if over $2000
When is a full 7 day hold required?
Any new account/new relationship or when there is doubt of collectability
What regulation expedites funds availibility?
Reg CC
We are required to verify checks over this dollar amount before we cash them for non-customers.
$2000
If a business customer wants to cash a check written to the business, what should you do?
Checks written out to businesses must be fully deposited into the business account. Then a withdrawal may be completed off that account by the signers.
What are we looking at before we place a hold?
Length of customer relationship
Covering funds
Have they gotten checks like this before?
When selling larger denominations to the vault what must happen?
A buy/sell ticket must be completed. The cash must be bundled in complete bundles with the teller stamp as well as double verified between the teller and the vault teller
What information is needed to submit a CTR?
Full name, DOB, full SSN, occupation and employer, PHYSICAL address, updated ID information
What are the drawer limits for traditional drawers compared to when running with a TCR?
When on a TCR both top and bottom drawers are limited to $1000
When running traditional top drawer is $3000 and bottom is $5500