Thank you.
The combination of selling to customers and non customers alike, but requiring deposit customers to deposit the cash was unexpected. Currently, responses indicate that 48% sell only to deposit customers and 28% require purchasers to deposit the cash (which presumes they are deposit customers).
Cape Codder's notation is critical; record retention requirements evolve based on whether the purchaser has a deposit account, not whether he or she is a "customer":
(1) If the purchaser has a deposit account with the financial institution:
[abridged]
(2) If the purchaser does not have a deposit account with the financial institution:
[abridged]