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#698804 - 03/08/07 08:13 PM officer approval
Ms. Inquisitive Offline
New Poster
Joined: Jan 2005
Posts: 11
Texas
How do you ensure that transactions of a certain threshhold are approved by an officer. Does the teller get the approval at the time of the transaction or later when there is time? Do they only have to get approval on cash transactions or even deposits? Weekends?

We are suburban, locally owned bank, $150M in assets, 7 locations within 40 miles-most with less than 5 employees at the branch and only 1 officer. We use the McCoy Myers remote capture process for our proof work. So we have 3-4 runs a day at each branch and once it runs, it hits the customer's account.

Any suggestions would be appreciated.
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#698953 - 03/08/07 10:00 PM Re: officer approval Ms. Inquisitive
complianceman Offline
Platinum Poster
complianceman
Joined: Mar 2005
Posts: 687
New Albany, IN
Some platform systems are set-up where the transaction cannot continue unless the transaction of a specified threshold is overridden based on the requirements of the system (password or code entered by the officer).

Another more manual process would be to have the officer initial those transaction that require approval or run those that require an officers approval as a separate batch that must be revied by an officer.

There are several more options so send me a PM and we can discuss more.
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