There is a student who has a sole owner checking account. The mother and father of the child deposit checks from their account at another institution into the child's account. As soon as the checks would be deposited, a check made payable to the parents would come through. It is clear they are kiting. The mother and father do not have accounts with us. I am going through the SAR and was just wondering what to list as the relationship for the parents. Would they be considered a customer? Or should I choose "Other" and put in the description, non customer? I never ran into this situation before and I am just looking for some guidance.

Thanks

The box "No relationship with the institution" is sufficiently descriptive so there is no need to use "Other."

Also recommend closing the account

Thank you! Yes, the account will be closed.
Thank you for your help.

Although the legacy SAR listed "kiting" as a reason for filing a SAR, FinCEN left the option off the current version. Yet, even though they removed the entire category, today they get a little prissy saying that if a bank lists "kiting"under "other," it must identify the type of kiting; e.g. "check kiting."

They appear to be firmly convinced that there is more than one kind of kiting even though most bankers couldn't name another variety on a bet.