Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

Search BankersOnline
using Google

MAIN CONTENT 
Compliance

    Agency Road Maps

    Alphabet Soup

    Compliance Tools

    FACTA/FCRA

    OFAC

Lending

    FACTA/FCRA

    Lending Tools

    SCRA

Marketing

Operations

    Check 21

    Operations Tools

    SAR Resrch Guide

Security

    AML/BSA

    Bank Robbery

    Counterfeits

    ID Fraud/Phishing

    Security Tools

Technology/eBanking

    Info Security


SPECIAL AREAS 
BOL Archives

BOL Blogs

Briefing Archive

Calendar

Court Watch

e-Card Exchange

Examiner's Corner

Executive Briefing

HR Corner

Infovault

Launch Pad

Regulator Roadmaps

Risk Management

Site Map

Site Orientation

Top Stories


~ ~ ~
SERVICES 
CrimeDex

Em@il Education

ID Verification


~ ~ ~
SHOP 

Banker Store

Bankers Info Ntwk

CONNECT 

Career Connect

Learning Connect

Guru Central

INTERACT 

Ask a Guru
Bankers Threads

Contact Us

Give Us Feedback


TOOLS 


60 Second Solutions

Alphabet Soup

Banker Tools

BOL Forms

FUN 

BOL Recipes

eCard Exchange

LEARN MORE 


About Our Sponsors
About Us



Print Friendly! Email This Article! Discuss NOW!


Completing a CTR for Joint Account Deposits
Answer by Ken Golliher, BOL Guru
Guru BIOS

Question: My CTR question is this: Husband makes a deposit to his individual account. Later the same day, wife makes a deposit to her joint account with the husband. Individually, neither transaction is reportable. Aggregated, they exceed $10,000 and the husband can benefit from the whole. Do we need to file a CTR and if we do, can you help us out with the technicalities? Do we check multiple persons, multiple transactions? And what do we do about the information we don't have on file (for example, driver's license numbers and occupations)? We caught this on a system report that monitors daily activity by social security number. Two different tellers were involved and had no knowledge on the day of activity.

Answer: Yes, the transactions must be aggregated if they are by or on behalf of the same person and the bank has knowledge of them. Deposits to a joint account are considered to be on behalf of each owner of that account. Here's a link to a September 1995 issuance from Treasury that addresses each of your questions in detail.

First published on BankersOnline.com 11/3/03









Privacy Policy    Disclaimer   Recommend This Site !   Contact Us


BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.