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#1025077 - 08/21/08 04:12 PM Employee Account - Issue?
Reed Offline
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Reed
Joined: Sep 2005
Posts: 1,251
West Coast
At one of the branches the employees got together and created a sort of vending machine. They buy snacks for the breakroom and leave a cash box out to pay for them, then they take the money and buy more snacks. Two emplyees opened a joint account to hold the funds, one of them is a teller. A lot of the cash deposits are run through her drawer, but it looks like the slips are filled out by the other employee on the account.

Would you consider the cash deposits run by one of the account signers as an issue?

Thanks

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#1025483 - 08/21/08 07:14 PM Re: Employee Account - Issue? Reed
kendrar Offline
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Joined: Jan 2008
Posts: 279
In our procedures it is set forth that a teller is not to handle the transactions of their own or their friends and family. I am not certain what the policy of other institutions but this is our practice.

Thanks,

Kendra

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#1025557 - 08/21/08 08:19 PM Re: Employee Account - Issue? kendrar
CULady Offline
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Joined: Sep 2007
Posts: 493
WA
Ditto for our institution. If a teller is on the account or closely related to a person on the account, they are not to do any transaction on that account. Period. If they did, it would be grounds for firing.
Hope that helps.
-K

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#1026034 - 08/22/08 02:43 PM Re: Employee Account - Issue? CULady
Midnight Offline
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Midnight
Joined: Jun 2008
Posts: 69
Upper Mid West
Spin, I came across a similar situation recently. A branch employee would buy goodies for their co-workers and payback to the employee was done by keying in transfers on the system (no cash involved). Since it was the entire branch doing this there was no way anyone could process the transactions that didn't have an interest in the money. I spoke directly with the branch manager educating her on how inappropriate this was and directing her to talk with her staff and have the activity stop immediatley. I also brought it to the attention of our HR director. This seemed to work and it also brought a new awareness to the employees.

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#1026835 - 08/23/08 08:28 PM Re: Employee Account - Issue? CULady
Jokerman Offline
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Joined: Nov 2003
Posts: 12,846
Originally Posted By: TheJane
If they did, it would be grounds for firing.
Hope that helps.
-K

Spin, I'm not saying "The Jane" is advocating it, but please don't fire an employee over this. Yes, they need to have a teller other than the one who is a signer transact the deposits, but I guarantee you they didn't think of this as "their" money. Just ask them to correct the practice.

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#1027015 - 08/25/08 12:54 PM Re: Employee Account - Issue? Jokerman
Reed Offline
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Reed
Joined: Sep 2005
Posts: 1,251
West Coast
Thanks, J. I wasn't going to take it to that level. I just wasn't sure if it was worth bringing up because it doesn't look like this person is acutally making the deposits, the other signer is, they are just running them and are a back up on the account. I think I will, though, just too keep things clean.

Thanks

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