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#1082588 - 11/15/08 06:02 PM CTR on Joint Account
GoPirates Offline
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Joined: May 2006
Posts: 59
I understand that a CTR should be filed on both husband and wife when the wife makes a large deposit into their joint account. My question is what do we do if we do not have the ID information for the husband? Let's assume that account was opened in the 80's and the only information we have on file is the husband's SSN, DOB and address. Is it okay to leave the ID information blank for the husband since he is not present at the time of the transaction?

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#1082596 - 11/15/08 09:14 PM Re: CTR on Joint Account GoPirates
rlcarey Online
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rlcarey
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Galveston, TX
Yes - see the instruction for Box 14 on the reverse side of the CTR:'

"If the transaction is conducted by an individual on behalf of another individual not present or on behalf of an entity, enter N/A in Item 14."

Since only the wife was present and conducted the transaction, you need her ID, but not the husband's.
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#1084116 - 11/19/08 04:10 PM Re: CTR on Joint Account rlcarey
Obi Offline
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Our teller system created a CTR for a cash withdrawal from a joint savings account. The wife conducted the transaction. The CTR is showing the husband's name in Section A on the first page and the wife in Section A on the 2nd page. The box "Conducted on Own Behalf" is marked and the transactor information is not completed in Section B. Is this ok or does the CTR need to be corrected showing the wife as transactor in Section B? Should the husband's name even be on the CTR? Thanks.

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#1084136 - 11/19/08 04:26 PM Re: CTR on Joint Account Obi
nemsi Offline
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I would identify the individual conducting the transaction in the first section A (wife)- that's the person the branch ID'ed. I would include the husband's info in a second section B if I have reason to believe that both persons are benefiting from the transaction. Otherwise i would leave 2nd section A blank.

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#1084156 - 11/19/08 04:43 PM Re: CTR on Joint Account nemsi
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Thanks, that's what I thought but my brain is overloaded this morning!

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#1084470 - 11/19/08 09:05 PM Re: CTR on Joint Account nemsi
John Burnett Offline
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John Burnett
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Cape Cod
Originally Posted By: nemsi
I would include the husband's info in a second section B


Section A, I imagine you meant, Nemsi. Yes?
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#1084505 - 11/19/08 09:40 PM Re: CTR on Joint Account John Burnett
nemsi Offline
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Joined: Nov 2005
Posts: 383
John, you are absolutely right!! YES. Glad you knew what I meant and not what I said. What I said was incorrect. There would be NO 2nd section B blush

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