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#1831342 - 07/09/13 06:29 PM CTR Amount
Local banker Offline
100 Club
Joined: Feb 2008
Posts: 129
I am sure someone has had this situation and can help me answer this.

Customer brings in $12,900 and wants to buy a cashiers check for $12,850. What's the cash in on the CTR?

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#1831347 - 07/09/13 06:36 PM Re: CTR Amount Local banker
layers Offline
Junior Member
Joined: Apr 2013
Posts: 32
Was there a fee associated with the CC that you took as well, or was it just #$12,850 for the CC and the customer received $50 back. If that is the case you would list $12,850 as the cash in and then list it in #25D. You do not worry about the remaining $50 if the customer left with it in hand.

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#1831393 - 07/09/13 07:30 PM Re: CTR Amount layers
kw004h Offline
100 Club
Joined: Nov 2009
Posts: 219
Chicagoland, IL
I disagree. I believe the CTR should show the $12,900 cash in total. $12,850 would allocated as Monetary Instrument purchased, and $50 as currency exchange.

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#1831447 - 07/09/13 08:41 PM Re: CTR Amount Local banker
Local banker Offline
100 Club
Joined: Feb 2008
Posts: 129
This was our dilemna here, I see both sides but didn't know what to do with the $50 so putting it as a currency exchange makes sense. Thanks for both of your input!

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#1831504 - 07/09/13 10:34 PM Re: CTR Amount Local banker
Local banker Offline
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Joined: Feb 2008
Posts: 129
One more question, would you select Multiple Transactions on Part I? What about aggregated transactions on Part II?

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#1831516 - 07/10/13 02:23 AM Re: CTR Amount Local banker
kw004h Offline
100 Club
Joined: Nov 2009
Posts: 219
Chicagoland, IL
Definitely not aggregated transactions. I don't think you'd select multiple transactions, either.

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#1831536 - 07/10/13 12:40 PM Re: CTR Amount Local banker
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
If there is only one cash-in ticket (or one cash-in entry, if you don't use paper tickets), you would not list multiple transactions. As noted, aggregate transactions would also not be selected.

As for whether I'd record the receipt of the $50, I could go either way. I'd definitely do so (listing it as a currency exchange) if my cash log shows the receipt of the full amount and a pay-out of the $50 "change," but only because it avoids having to respond to auditor/examiner questions about the $50 difference. But if the only cash log entry resulting from the transaction is the $12,850 purchase price, I'd probably go the other way and ignore the fact that the teller held the extra $50 for 5 seconds.
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