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Anonymous 'Remitter'?
by John Burnett, BOL Guru
Guru Bios

Question:   A customer has requested a cashiers check with the 'remitter' to be anonymous. Can we do this?

Answer:   That is strictly a policy decision for your bank. It's possible that the customer wants a donation, for example, to remain anonymous, and I applaud that wish.

Just remember that, if the bank's policies require that remitter information be recorded (for BSA/AML or other reasons), it's perhaps possible for the remitter's name to be omitted from the printed check. As far as I know, such an accommodation would not violate any regulation or law.

First published on BankersOnline.com 1/2/07






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