Teller Line/ Operations
What dollar amount requires CSI?
2k or more
Sally is 10 yrs old
She comes in with her mom, can they open a joint checking account?
No
Business
Sole Member LLC wants to use EIN for tax responsible party.
Says that's how they file taxes...
Is this correct?
What does CSI stand for?
C- Current Day Account Activity
S- Statement
I- ID in ACE
Sally just had her 10th birthday
Janny brings her daughter's birthday check in to the BC to "cash"- the check is 1k
Mom(Janny) has an account.
Can Janny cash her daughter's check?
No- Check is over $100 must be deposited to account with minor name
Jack comes in to open a LLC account.
Jack has multiple homes, and business (OH & FL). So he wants to start a relationship with 5/3.
When pulling Secretary of State-
Jack is active with Secretary of State with FL
Can we open Sole Member LLC?
Extra 100pts- Why
No- has to be registered in the State we are opening account. And address has to be the same state as opening account.
Bob is a sole owner on an account- Bob is by himself
5K check is payable to "Bob and Joe"
Can Bob cash check?
Yes or No
No!
Check is payable as an "and"
16 yr old (minor) comes in with a 5/3 check for $20-
Can they cash the fifth third check with an ID?
Yes- Check is drawn on 5/3, and minor can sign.
How long should we retain teller work ?
60 Days