The $1,000 per day is also PER PERSON per day, not just more than $1,000 cashed.
(2) Check casher. A person engaged in the business of a check casher (other than a person who does not cash checks in an amount greater than $1,000 in currency or monetary or other instruments for any person on any day in one or more transactions).
But do you really want to review the endorsers on all of these checks to see if anyone got more than $1,000?
And also, why would you provide cash for third party items? That must be a heck of a relationship to put the bank in that much liability.
Regulations are a poor substitute for ethics.