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#1157315 - 04/03/09 04:20 PM monetary instrument
sb1 Offline
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Joined: Jan 2006
Posts: 135
we have a non-deposit customer that cashed in $6935 of savings bonds and received cash back of $3,000 and a bank money order payable to herself for the balance of $3935. My question is does the $3935 fall under the monetary instument rules even if it was payable to herself?

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#1157318 - 04/03/09 04:24 PM Re: monetary instrument sb1
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,353
Galveston, TX
It was purchased with the savings bonds and not cash - so it would not trigger the recordkeeping requirements.
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