CASH
A non-member can make a deposit or loan payment on a member's personal account if they provide what?
1. Member's full account # and name OR
2. Member's current Visa statement or active Visa credit card.
A member depositing $11,000 in cash to his account requires what?
Currency Transaction Report (CTR)
Name at least 2 types of checks that are exempt and can be negotiated by any employee regardless of check negotiation level.
1. Checks issued by the US Treasury, state & gov't
2. United States Postal Money Orders
3. Payroll check (must be clearly stated on check)
Non-members who cash an on-us check are required to provide an acceptable form of primary identification and place a _________ on the item being cashed.
Thumbprint
TrueChecks is ran for checks in the amount of $______ or more.
$1800
A non-member can make a deposit into a business account if they provide what?
Last 3 digits of business account # (business and rental property account only).
When completing a CTR on a member, verify and/or update mailing address, telephone number, primary ID description & number and _______ _________.
Current Occupation (Last/Retired Occupation if member is retired)
A third party check negotiation is permitted if endorsement is correct and whose signature is the last signature on the back of the check?
Member's
During normal times, all non-member check transactions must be performed where?
Inside a branch.
All primary identification must contain a ________.
Photo
Minimum member verification, such as a code word, is adequate for cash disbursements of
___________ ____________.
Under $500
If a member refuses to provide information for CTR or request to change dollar amount or cancel transaction to prevent CTR from being filed, what must you file?
Suspicious Activity Report (SAR)
What is the fee for negotiating 3rd party checks in percentage and in dollars?
5%
Minimum $5 / Maximum $50
All non-member transactions require _______ screening.
OFAC
Name at least one valid U.S. government issued ID that we cannot scan or copy.
Armed Forces, Military or DOD ID cards.
__________ ____________ verification is required for all cash disbursement transactions of $500 or more.
Primary Identification
When a member withdraws more than $500, record the member's _______ __________ and obtain member's ____________ on receipt.
Primary Identification
Signature
On-us checks require that funds be verified and a __________ _______ be placed on the remitting member's account prior to negotiation.
Certified Hold
On-us checks made payable to non-member business entities may not be _________.
Negotiated (cashed is acceptable answer)
This endorsement limits the endorser's liability if the check is not paid. Do not accept a check with a __________ ____________.
Qualified Endorsement
Cash disbursement of more than $10,000 must be completed in _______ __________ and require supervisor approval.
Dual Control
If member doesn't want alternatives on withdrawing more than $10,000 in cash, have the member complete the ___ ______ _____ of _______.
Cash Withdrawal Letter
Indemnification
Certified holds must be placed for all negotiated on-us checks except when negotiating such checks as part of a _____ _________ into a business account.
Bulk Deposit
When an on-us check is presented, verify funds are collected and available and that there is no _____ _______ in place.
Stop Payment
Transaction receipts are retained electronically in the credit union's Enterprise Content Management, AKA ________.
NEMO