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#1590381 - 08/10/11 08:18 PM Logging Wires
MadisonCali Offline
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Joined: Jun 2006
Posts: 2,515
Is anyone out there still manually logging wire activity? And if you used to, but don't now, and are using a system generated report...how is that process being managed?

Thanks!
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#1590423 - 08/10/11 08:43 PM Re: Logging Wires MadisonCali
Doug Hendrickson Offline
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Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
Unfortunately, yes, we are still manually logging wire activity via an Excel spreadsheet.
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#1590553 - 08/11/11 01:00 PM Re: Logging Wires Doug Hendrickson
Banker Offline
100 Club
Joined: Oct 2007
Posts: 128
Southeastern US
We are still manually logging as well. We recently had a BSA audit and the auditor suggested that we take a look and see if there would be a more efficient, non-manual way that we could do this. I have a wire audit coming up at the end of this month. I also would be curious as to how others are handling this if not a manual process.

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#1590785 - 08/11/11 05:11 PM Re: Logging Wires Banker
Karen L Offline
100 Club
Joined: Jun 2009
Posts: 135
Somewhere over the rainbow...
We use Wire Exchange with Fiserv for domestic and use that as our wire log. We have a separate folder with international wires since we send them out through Wells Fargo. I also have a BSA software that "logs" wires and monitors the activity. Just had FDIC and they had no problem with that process.
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