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#2089392 - 07/22/16 01:18 PM Site inspection for MSB
gcg Offline
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Joined: Mar 2007
Posts: 126
I need a form to be used when doing a site inspection on an MSB. Just want to be sure all the bases are covered and that we have continuity throughout the bank. Anyone already have a form they could share? If not, can you make suggestions about what I should have on the form?

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#2089445 - 07/22/16 03:29 PM Re: Site inspection for MSB gcg
Just Jean Offline
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Joined: Feb 2002
Posts: 582
USA

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#2090045 - 07/26/16 08:41 PM Re: Site inspection for MSB gcg
MagicCity Offline

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Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
You want to know all the items or services that the MSB has that would bring in cash - as they would use that cash to fund the check cashing. When you are trying to balance Cash Out vs Checks In, these other services would factor in.
Do they sell Phone Cards, Hot Foods, Lottery, etc. I have had MSBs that sell those items plus fishing gear, clothes, pottery etc. What they sell depends on where they are located, the size of the operation and who their clientele are, etc.
If the MSB is in a gas station, how many pumps etc.
A good rule to have is for the bank to dictate what you will or will not accept in your check deposits, e.g. checks payable to corporations or entities, or perhaps put a dollar amount.
Just a few thoughts smile

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