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#1810756 - 05/03/13 03:45 PM Multiple transactions on CTR?
TXBSA Offline
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Joined: May 2006
Posts: 170
TX
If you have a customer that brings in multiple checks to cash and they are run together by the teller in 1 single cash out transaction would you check multiple transactions? Would it be considered multiple transactions because more than 1 instrument is cashed or not multiple transactions because they were conducted at the same time and created only 1 line item on the teller journal.

Ex: Customer cashes checks drawn off of account A for $5000, account B for $6000. No attempt at structuring, just 2 different accounts with different purposes. Both checks are presented at the same time. Teller batches the checks cashed and a single cash out ticket is created for $11,000.

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#1810773 - 05/03/13 03:58 PM Re: Multiple transactions on CTR? TXBSA
Karen L Offline
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Joined: Jun 2009
Posts: 135
Somewhere over the rainbow...
I would count that as 1 transaction
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If only...

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#1810785 - 05/03/13 04:12 PM Re: Multiple transactions on CTR? TXBSA
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 80,378
Galveston, TX
There is no specific answer, as it usually depends on how your systems work. If there is only one teller cash out ticket supporting the transaction, most banks would treat this as one transaction.
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#1811019 - 05/03/13 08:12 PM Re: Multiple transactions on CTR? TXBSA
TXBSA Offline
100 Club
Joined: May 2006
Posts: 170
TX
Thank you both.

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