Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums State-Specific Compliance Issues Texas First 200 and Split Deposits
Thread Options
#2146746 - 09/19/17 09:32 PM First 200 and Split Deposits
smclemore Offline
New Poster
Joined: Nov 2015
Posts: 6
We are having a debate...If a customer is depositing 1 check into to two separate accounts (same owner) with 1300 in cash into one account. Are we required to provide $200.00 to the deposit that does not contain any cash.

Account 1
1300 cash
10,000 check

Account 2
No Cash
12,000 check.

Let me know your thoughts.

Return to Top
#2146756 - 09/19/17 10:13 PM Re: First 200 and Split Deposits smclemore
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z