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#2123456 - 03/24/17 03:21 PM Used Car Dealership Weird Deposit Activity
ComplianceGurl, CRCM Offline
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Joined: Jul 2007
Posts: 497
We have a used car dealership that is writing checks of off their business deposit account, made payable to their business, deposited back into the same business account. I'm confused and dizzy thinking about it. Does anyone think this is strange or can possibly share a legitimate reason why a business would do this?
TGIF!

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#2123462 - 03/24/17 03:34 PM Re: Used Car Dealership Weird Deposit Activity ComplianceGurl, CRCM
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,449
Pulling people out of the ditc...
don't speculate, ask the customer
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#2123466 - 03/24/17 03:37 PM Re: Used Car Dealership Weird Deposit Activity ComplianceGurl, CRCM
Daisy Doodle Offline
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Joined: Feb 2014
Posts: 1,030
Southern U.S.
He's artificially inflating his balances for the daytime, and whatever his purpose might be, it's not a legitimate one, not to mention creating a lot of commotion and volatility in his account and needless work for the branch. I would just tell the branch to put a stop to it, personally.

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#2123665 - 03/25/17 09:21 AM Re: Used Car Dealership Weird Deposit Activity ComplianceGurl, CRCM
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Ask him what he is doing. The tone of his response may be as important as the content..
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#2123825 - 03/27/17 06:50 PM Re: Used Car Dealership Weird Deposit Activity ComplianceGurl, CRCM
John Burnett Online
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John Burnett
Joined: Oct 2000
Posts: 39,593
Cape Cod
Ask first. If it doesn't make sense (I doubt that it will), THEN tell the customer to stop it.
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