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#1044039 - 09/17/08 03:03 PM you see a lot of this??
Trees Offline
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Joined: Apr 2005
Posts: 4,013
Small business customers...may or may not have their businesses under a dba...could be LLC, etc. Customers business generates a fair amount of cash. Comes to the bank and deposits the cash to his personal account (could be DDA or savings) and then arranges inter-bank transfers to the business operating account as needed. So, money sits in interest-bearing account...for a small period of time but, nevertheless...What is your experience with this?

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#1044127 - 09/17/08 04:02 PM Re: you see a lot of this?? Trees
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Sounds like tax evasion to me. I would not participate in this issue.
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#1044425 - 09/17/08 07:54 PM Re: you see a lot of this?? David Dickinson
Trees Offline
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Joined: Apr 2005
Posts: 4,013
I thought so...that being said, how can we address this with the customer. What can we say when he/she walks through the door, goes to the teller, and plucks down the cash...this is the part we are struggling with...examples of what to say will be greatly appreciated!

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#1044462 - 09/17/08 08:17 PM Re: you see a lot of this?? Trees
edAudit Offline
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edAudit
Joined: Jul 2008
Posts: 4,796
You are here
A while back at a different bank when we charge a per bill fee for businesses and none for consumer accounts we would see a lot of these
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