Thread Options
#1506671 - 02/08/11 05:50 PM Business deposit dropped off during day
KYWoman Offline
Member
Joined: Feb 2008
Posts: 63
Kentucky
If a business customer drops off a deposit in the middle of the day and doesn't wait for it to be worked - are you handling it like a night deposit - record it in a log, verified by two people? Also, does your night deposit record document cash and total deposit or just total deposit? Thanks for your input!

Return to Top
Audit
#1508434 - 02/10/11 09:55 PM Re: Business deposit dropped off during day KYWoman
Black & Gold Offline
Junior Member
Black & Gold
Joined: Aug 2008
Posts: 35
Dark Side of the Moon
Yes, our bank handles "intra day deposits" similar to night drop - recording it on a log (one customer per log for information security purposes), opened and processed under dual control, and procedures for handling discrepancies between the deposit ticket and the actual deposit counted by the branch staff. Our Night Drop Log records both cash and total deposit.
_________________________
"Who would have thought that the thing that would save this company would be work. And pancakes." - Michael Scott-The Office

Return to Top
#1508461 - 02/10/11 10:27 PM Re: Business deposit dropped off during day Black & Gold
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,773
You are here
Pror bank handled it exactly as a night drop down to the agreements and logs. Logs had a comment field where "day drop" was indicated.

New bank does not have the volume/clientele for customers to drop.
Last edited by EdAudit; 02/10/11 10:28 PM.
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top

Moderator:  Andy_Z