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Latest Compliance - Cashier's Checks Topics

Verbiage for Demanding Payment Based on UCC

04/07/2019

We are the bank of first deposit for a cashier's check returned to us due to a stop payment by the paying bank. It is past the 24 hour window. We need the proper verbiage or a sample template to demand payment, in writing, based on UCC. Do you have a sample?

Cashier Checks Deposited Together as Large Deposit

11/11/2018

When two cashier's checks are deposited together and held as a Large Deposit, should $5,000 of the total be made available immediately or is $5,000 from each check ($10,000 of the total deposit) made available immediately?

Reissuing Cashier's C​​heck: Suspicious Activity?

08/26/2018

Are there any rules that would prevent us from reissuing a cashier's c​​heck every few months for a customer? She comes in and wants a fresh check but never cashes it out. Is that a reportable suspicious activity? Are we breaking rules by doing this?

Cashier's Check Came in thru Fed Cash Letter

08/19/2018

What is the process for handling a cashier's check that came in through the Fed cash letter, that has a stop payment on it and also we have a signed declaration of loss. I know we can't return it as a stop payment. Is there a way to return it or would we deal directly with the BOFD?

How to Negotiate Check When Business is Dissolved?

10/15/2017

If a business closes its bank account with the bank paying the balance to it in the form of a cashier's check, payable to the business, if the business is dissolved, how can the check then be negotiated?

CTR for Cashing Cashier Check for Internal Account

03/10/2014

For CTR purpose- when completing a CTR for an individual who is cashing out one of our own cashier's checks, should we indicate our cashier's check account number on the account affected even though it is an internal account?

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CIP Documentation Process- IRS Tax Forms

12/01/2019

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Since 2014, the DOJ has brought numerous enforcement actions against businesses, including banks, whose websites and mobile applications weren't easily accessible for persons with disabilities and, therefore, were potentially non-compliant with the Americans with Disabilities Act (Act). In order to make their websites and apps more accessible for differently-abled people, what actions have these DOJ settlements required such businesses to take?

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