Customer has had $20,000 in twenties stored in their safe deposit box for several years. They came in to exchange the $20,000 in twenties for $20,000 in fifties, and the currency went back into the safe deposit box.
To our knowledge, we have not had this type of currency exchange before where the money is exchanged in this manner and remains in the box. We assume this would still require a currency exchange CTR to be completed? Any thoughts from other bankers who may have experienced a similar situation?