We have a customer that deposited a check, which we believe to be possibly fraudulent. The check was issued for work in another country and the description doesn't match what the depositor does or the work in the other country. The work is being performed by his girlfriend and we believe the girlfriend is solely on the internet. So there are a number of red flags. How long does the issuing bank have to return the check to us for reimbursement from our customer's account? Does that time frame differ if the check is deemed to be fraudulent? I have heard up to one year. However, we can't hold the funds that long, or is there a stipulation-reason we could use to hold funds for one year? If the funds are gone, are we required to return the funds after 90 days? After one year? We are trying to plan not to get caught having to return $10,000 that we believe to be fraudulent.
Where can my bank find a template for a website accessibility policy?
Do we file a 5498 for each IRA CD?
Do we have to report CD penalties in a distribution?
Is there an FDIC requirement that the "Member FDIC" logo be on all our pages and link to the FDIC website?