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#132872 - 11/20/03 04:43 PM Bank Robbery

A good commercial customer of ours owns a fast food restaurant and deposits a lot of cash on a daily basis - the customer asked what would happen if he were in mid-deposit and the bank were robbed. His concern is that he'd be the victim if we hadn't finished counting his deposit and given him a receipt. Any thoughts on whether liability starts when the customer walks through the door, begins the transaction with the teller, or the teller issues a receipt for the deposit?

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Security - PUBLIC
#132873 - 11/20/03 06:35 PM Re: Bank Robbery
RBanker Offline
Power Poster
Joined: Jul 2003
Posts: 2,675
Austin Texas
I would think that our liability begins when we accept (receipt) his money - if he is really concerned suggest that he use the night drop, so it's under lock.
My comments are absolutely no reflection of, nor influenced by, my employer - take them at your own risk.

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#132874 - 11/25/03 08:24 PM Re: Bank Robbery
Dana Turner Offline

Platinum Poster
Dana Turner
Joined: Dec 2000
Posts: 543
Pipe Creek TX - U.S.

If I were the police officer investigating this incident, the customer would be the victim until he/she received a receipt. Upon receipt, the customer's obligation and responsibility ends and becomes the institution's.
Celebrating 42 entertaining years of crime . . .

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#132875 - 11/26/03 05:32 PM Re: Bank Robbery
WildTurkey Offline
Platinum Poster
Joined: Jan 2003
Posts: 921
Down South, USA
Does your insurance policy shed any light on this situation? You may find that there is an indication of when your insurance coverage starts, and I'd guess that your customer is "on his own" up to that point.
This is my opinion; it is not legal advice, nor the view of my employer, and it may change tomorrow.

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