I have a customer who is kiting:
day 1 -Deposited check from Bank ABC to Bank DEF in amount of $5,000
day 2 -Deposited check from Bank DEF to bank ABC in amount of $5,000
Day 8- deposited check from bank ABC to bank DEF in amount of $6,000 DEF placed hold on deposit.
Day 9 - deposited check from day 8 was returned NSF to bank DEF.
Would you total all deposits & checks for the SAR, making it transactions totalling $16,000?
Last edited by Mississippi 010; 03/01/12 06:18 PM.
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