I am looking for guidance on opening an account for a Check Casher - Convenience Store that does not cash more than $1,000 for any person on any day in one or more transactions. I think there is still a risk there so want to offer what is expected before we open. Like asking what system do they have in place to ensure that they are not cashing a check for over $1,000. What else do you require/request for this type of account? We bank 2 MSBs and they are a lot of work and have decided to not bring on any additional ones.
Faith is seeing light with your heart when all your eyes see is darkness...