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#2248681 - 02/04/21 03:45 PM Cash Order from Fed
hatman Offline
Member
Joined: Nov 2009
Posts: 56
Curious to know if you break down your cash order from the Fed upon receipt to verify the amount. We had a bundle of $100's that was short, but because we didn't verify and file the dispute within 5 days of delivery, the Fed will not accept the Difference Claim. It was still in the original bag!

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General Discussion
#2248685 - 02/04/21 04:07 PM Re: Cash Order from Fed hatman
Bankwoman1 Offline
Platinum Poster
Joined: Dec 2015
Posts: 743
Midwest
We verify and re-strap our cash orders the day we receive them.

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#2248697 - 02/04/21 05:53 PM Re: Cash Order from Fed hatman
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,760
Turnpike Exit 10
When I was in the bank we did the same as Bankwoman. Same day.
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Get your facts first, then you can distort them as you please. - Mark Twain

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#2248706 - 02/04/21 06:33 PM Re: Cash Order from Fed hatman
burkemi Offline
Gold Star
Joined: Nov 2013
Posts: 465
Same here - 100s, 50s, 20s, 10s, and 5s were counted and re-strapped the same day of receipt. 1s and coins were accepted as is.
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I reject your reality and replace it with my own.

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#2248751 - 02/05/21 04:04 PM Re: Cash Order from Fed hatman
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 323
Midwest
We also verify and re-strap our cash orders the day we receive them.

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#2251041 - 03/23/21 05:46 PM Re: Cash Order from Fed hatman
GrannieTwo Offline
100 Club
Joined: Nov 2010
Posts: 180
Central IL
Wow! We do not as we weighed how many times the Fed has been off vs the time, energy of staff to recount it. The decision was made, the teller who purchased the Fed money in a buy must count it.
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For when I am weak, then I am strong. 2Cor 12:10

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#2251080 - 03/23/21 10:30 PM Re: Cash Order from Fed GrannieTwo
Richard Insley Online
Power Poster
Richard Insley
Joined: Oct 2000
Posts: 9,999
Toano, VA
Originally Posted by GrannieTwo
how many times the Fed has been off vs the time, energy of staff to recount it.
Congratulations! This is an admirable business decision. Given the low risk of an occurrence and small dollar amount that is at risk, "superfluous accuracy" is not cost-effective.
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...gone fishing.

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