Cash
This amount sets the upper limit of the top-drawer of your cashbox.
What is $5,000?
On a personal check's MICR line, these three numbers appear in this specific order from left to right.
What is routing number, account number, check number?
Under Regulation CC, this is required when a bank places an exception hold.
What is hold reason must be provided in writing?
This platform must be used for all non-members to detect fraud and potential money laundering activity from outside parties.
What is Verafin?
If a Financial Institution is unable or unwilling to help, this step can be taken to verify the validity of the check.
What is contact the business directly?
This amount sets the upper limit of the bottom-drawer of your cashbox.
What is $20,000.00?
On a business check's MICR line, these three numbers appear in this specific order from left to right.
What is check number, routing number, account number?
Greylock determines the type of hold placed on checks using this process.
What is relationship decisioning?
George would like to purchase a $500 Money Order with a withdrawal from his checking account. This individual is selected as the transacting person.
Who is no one?
A supervisor is required to verify a signature of the maker for personal on-us checks exceeding this threshold.
What is $1000.00?
Under the Bank Secrecy Act, a CTR is required for currency transactions exceeding this threshold.
What is $10,000.00?
This check type is commonly used in kiting schemes, where fraudsters exploit the time delay between depositing and clearing to gain access to funds they don't possess.
What is to me from me checks?
REG CC applies to consumer, business, and _____ accounts.
What is trust?
Sydney would like to deposit $100 cash into Elissa's personal account. This individual would be recorded as the transacting person.
Who is no one?
A supervisor is required to verify a signature of the maker for business on-us checks exceeding this threshold.
What is $2500.00?
This action indicates the cash recorded on a business deposit slip equals the amount physically counted.
What is circling the cash total recorded on deposit slip?
These are the 6 elements of a check.
What are:
1. Current Date (Not Post or Stale Dated)
2. Legal Amount (Written, Numeric)
3. Properly Endorsed by the Payee
4. Signature of the Maker
5. Name of the Drawee Bank
6. No Alterations
You deposit a $1000 personal check and a 5-day hold is placed on the funds. This amount would be available for withdrawal on the first business day after the deposit.
What is $0.00?
This information is required from an ID to cash a check for a non-member.
What are ID type, state/country, ID number, DOB, and ID expiration date?
Since joining Greylock in 2011, this individual has become Greylock's Compliance Officer.
Who is John Masten?
These three steps should be taken if your cash drawer is over/short at the end of the day to find the difference.
What are
1. Grab supervisor
2. Re-count cash drawer
3. Complete over/short checklist
These are the 5 instances for writing an account number on the back of a check.
What are:
1. Checks payable to cash
2. Checks part of a business bundle
3. Using the ‘Credited to Account of’ stamp
4. Third party checks
5. Name on front or back is illegible
These are the 6 types of holds.
What are no hold, 1-day hold, 2-day hold, 5-day hold, 7-day exception hold, and 7-day hold greater than $6,725?
These three transactions can be done for non-members.
What are:
1. Cashing an on-us check
2. Visa cash advance
3. Non-member/business as the payee on an Official Check or Money Order ?
This Air National Guard veteran serves as Greylock's BSA officer.
Who is Jeff Vermette?