Non-customer comes into bank. She has a large check drawn on the account of one of our customers (Law Firm). Teller records her information on the front of check (DL#, DOB). She chooses to take $8,000 in cash, and the remainder in a Cashier's Check.
The teller issued the Cashier's Check in the name of the customer (Law Firm) as remitter with her as Payee.
I'm having problems wrapping my head around this one. The customer (Law Firm) did not actually request the issuance of a Cashier's Check. So, should it be their name as the remitter or the bank's name? I can argue either way, in that by putting the custer (Law Firm) as the remitter, it makes it easier to trace the source of the funds. No cash changed hands for the purchase of the Cashier's Check, so I'm thinking that this was not purchased with cash.
Thoughts?
p.s. I'm also trying to determine if the system allows for the entry of both a Purchaser and Remitter or treating them as one and the same.
_________________________
I hear and I forget. I see and I remember. I do and I understand.--Confucius