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#1470129 - 11/18/10 08:41 PM CTR Multiple Trans or Not?
CompliKat Offline
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CompliKat
Joined: Dec 2009
Posts: 96
Something I read in a post yesterday has made me question myself.....

Individual cashes two checks totaling over $10k. Teller runs as a multi check transaction with one cash out. Would you consider this multiple transactions in item 1c or not?

I would always check 1c for multi-Trans, but now I'm over thinking it....

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#1470150 - 11/18/10 09:04 PM Re: CTR Multiple Trans or Not? CompliKat
rlcarey Offline
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rlcarey
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Galveston, TX
If I come in and hand a teller one or ten checks to cash at one time, it is one transaction regardless of how you might process it through your teller system.
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#1470232 - 11/18/10 10:04 PM Re: CTR Multiple Trans or Not? rlcarey
CompliKat Offline
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CompliKat
Joined: Dec 2009
Posts: 96
Okay.
What if I walk in the bank and hand the teller $15k and three deposit slips (One for my checking and one for each of my savings accounts) Is this one transaction or multiple?
...I'm still over thinking it...

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#1470272 - 11/18/10 10:42 PM Re: CTR Multiple Trans or Not? CompliKat
Elwood P. Dowd Offline
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Elwood P. Dowd
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Next to Harvey
Consider the CTR as a tracer document. If someone hands you the $15000 CTR three years later and asks you to look up the supporting documentation would it be helpful to know that you are not looking for a $15,000 deposit, but three deposits that add up to $15,000? Check the box.
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