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#2213870 - 05/17/19 02:12 PM Cashier's Checks
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 342
Midwest
A customer comes in with Cashier's Checks from 2017 and 2018 with both remitter and payable to himself. He requests to use those two to purchase two more Cashier's checks, one payable to himself and one payable to someone else. Can we require that he deposit them into his account first before issuing the new Cashier's Checks?

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Deposits and Payments
#2213877 - 05/17/19 02:19 PM Re: Cashier's Checks Susielou
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,483
Pulling people out of the ditc...
it's your bank, so that is your decision. but for a paper trail, that would certainly be my decision.
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#2213883 - 05/17/19 02:25 PM Re: Cashier's Checks Susielou
ahkcompliance Offline
Diamond Poster
Joined: Sep 2008
Posts: 2,470
Midwest
We have a few customers who do this. We deposit them and then issue a new check.

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#2214126 - 05/21/19 08:15 PM Re: Cashier's Checks Susielou
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,629
Cape Cod
You don't have to play the game with them. Some customers have been known to do this to hide assets from creditors (sometimes a former spouse). You can stop the wheel from spinning by stopping their ability to roll part of the official check over into another official check.
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John S. Burnett
BankersOnline.com
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#2214168 - 05/22/19 02:06 PM Re: Cashier's Checks Susielou
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 342
Midwest
I wish it were that easy. Officers are okay with it because "he's always done this" and they aren't concerned.

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#2214170 - 05/22/19 02:11 PM Re: Cashier's Checks Susielou
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,293
Galveston, TX
Make sure that one of them signs the cashier's checks then
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