Our customer received a check for retroactive benefits from the VA. Will those funds be protected by the Garnishment Rule when they are deposited?
Are IRS levies covered by the Treasury Department’s Garnishment Rule?
Which customer accounts are covered by the Garnishment Rule?
A customer presents a cash deposit at the teller counter in the amount of $10,000. The teller counts the deposit and discovers it to be $100 over. The customer is made aware and requests the teller to give back the $100. Does this qualify for a CTR since it was handled by the teller while counting the large cash deposit or is it a simple mistake by the customer? We are also considering a SAR for possible structuring by the customer.
If a trust account is opened and is not specified to be revocable or irrevocable, does that automatically make it revocable?