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January 6, 2015
Business Accounts Documentation and Procedures with Beneficial Ownership
Deborah Crawford

January 6, 2015
FFIEC Cybersecurity Initiatives and Observations from the 2014 Assessments
Susan Orr

January 15, 2015
The ABC's of IRAs - The Basic Ingredients
Patrice Konarik

January 20, 2015
B & Z Appraisal Rules - Getting Them Right
Jack Holzknecht

January 21, 2015
HMDA Soup to Nuts
David Dickinson

January 22, 2015
Navigating the Treacherous Waters of IRA Rollovers, Transfers and Beneficiary Payouts
Patrice Konarik

January 28, 2015
Mortgage Life Cycle
Part I
David Dickinson and Jerod Moyer



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#1621145 - 10/27/11 03:43 PM Maximum Cash Withdrawal Limit
Scott832 Offline
New Poster

Registered: 08/17/11
Posts: 11
Loc: Houston, TX
Can I bank limit the amount of cash they allow thier customers to withdrawal? Here is the scenario:

Teller Max Amount: $2,000
Lobby Max Amount: $3,000 but can get approval for more
Total Max Amount: No expception allowed for more than $10,000.

They aren't doing it to avoid CTR's, but they are worried about cash runoff. Can a bank impose a 10K or even 11K max cash daily withdrawal limit?
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Problems cannot be solved at the same level of awareness that created them.
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#1621914 - 10/29/11 08:26 PM Re: Maximum Cash Withdrawal Limit [Re: Scott832]
MagicCity Online

Power Poster

Registered: 04/28/03
Posts: 2877
Loc: Fort Lauderdale, Florida
I am aware of banks that do this.
$3,000 is often the max allowed; the balance is paid with a Cashiers Check.
It is because the branches simply do not carry much cash.
If a customer insists on a large cash amount, they have to wait for it to be ordered for them, and then they must sign a form which reminds them of the risk of having that much cash and indemnifying the bank.
So yes, you can have it in your policy and decide your limit, with exceptions.
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#1621927 - 10/30/11 01:26 PM Re: Maximum Cash Withdrawal Limit [Re: MagicCity]
Rocky P Online
Power Poster

Registered: 06/24/03
Posts: 4769
Loc: South Carolina
If a bank were to create limits, I would recommend a lobby sign with the information.

Also, check state law if there are any limitations
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I survived an OCC Fair Lending/Comparative File Review of 1,756 loans with no findings that stuck!
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