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#2105647 - 11/02/16 02:42 PM CTR required on cash in with cash out?
complofcr Offline
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Joined: Apr 2010
Posts: 180
SE USA
I have a transaction where the customer brought in $10,060.00 to purchase a disbursement check in the amount of $9,999.00. The teller actually ran a cash in of $10,060.00 with the credit for the check and then a cash out of $61.00. The customer actually brought in the $10,060.00 but only used $9,999.00 in cash. My CTR report shows that a CTR is required due to the cash in of $10,060.00 but is it really required since only $9,999.00 in cash was used?

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#2105670 - 11/02/16 03:35 PM Re: CTR required on cash in with cash out? complofcr
Big Dog Offline
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Big Dog
Joined: Mar 2005
Posts: 2,659
Kennel
It would be a CTR since the customer gave the bank over $10,000.

And as a side note, you may want to look around for additional acivity. $9,999 is a bit of a trigger for structuring.
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#2105685 - 11/02/16 04:34 PM Re: CTR required on cash in with cash out? complofcr
complofcr Offline
100 Club
Joined: Apr 2010
Posts: 180
SE USA
Thanks Big Dog! I thought a CTR should be filed but I wasn't sure since the check purchased was less than $10,000. I should have added that a suspicious activity investigation was at the top of my list when I saw this. I could not figure out what mix of denominations would make the customer bring in that amount and get cash back. After talking with the teller, the customer originally brought in $9,960 and went back to the car and got a $100 bill to get to the $9,999 thus resulting in the cash back.

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#2105806 - 11/03/16 01:11 PM Re: CTR required on cash in with cash out? complofcr
BuckDog Offline
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Joined: Jun 2006
Posts: 123
Tennessee
You consider the amount of cash that came or went over the counter. $10,060 in cash came over the counter.

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#2105817 - 11/03/16 01:52 PM Re: CTR required on cash in with cash out? complofcr
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,963
TN
Out of curiosity - do you charge a fee for the check itself? Sometimes that will bring someone over the $10,000 threshold.
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