Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum Cashing a CD is ....
Thread Options
#1585495 - 07/29/11 08:16 PM Cashing a CD is ....
SSBStephanie Offline
Junior Member
Joined: Apr 2010
Posts: 31
Iowa
On a CTR regarding type of transaction, cashing a CD is considered an "other" (#36?)? Or just deposit/withdrawal?

And then I also reference the CD account number?

Thanks. I can't remember--it's been too long since we've had someone cash a CD in this amount and I can't find an answer online.
Last edited by SSBStephanie; 07/29/11 08:24 PM.
Return to Top
BSA/AML/CIP/OFAC Forum
#1585513 - 07/29/11 08:37 PM Re: Cashing a CD is .... SSBStephanie
Dani York, CRCM Offline
Power Poster
Dani York, CRCM
Joined: Apr 2005
Posts: 3,663
TN
I would use withdrawal and list the CD account number as the affected account.
_________________________
I can't herd the cats anymore, so I just set up the electric fences and let them fry when they stray out of bounds.

Return to Top
#1585542 - 07/29/11 09:14 PM Re: Cashing a CD is .... Dani York, CRCM
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
I agree - withdrawal from account.

Unless, of course, you issue a cashier's check for the proceeds which in turn is cashed. Many banks do that.
Last edited by BrendaC; 07/29/11 09:15 PM.
_________________________
Life without Jesus is like an unsharpened pencil - it has no point.

Return to Top
#1585552 - 07/29/11 09:25 PM Re: Cashing a CD is .... BrendaC
SSBStephanie Offline
Junior Member
Joined: Apr 2010
Posts: 31
Iowa
Thanks!

Return to Top

Moderator:  Andy_Z