According to
FinCEN CTR FAQ #18, the answer is "It depends."
Generally I see financial institutions treat this one of two ways.
1. If there is a single cash in/out ticket in a single visit, treat it as a single transaction.
2, If there are multiple cash in/out tickets in a single visit, treat it as mutliple transactions.
The idea behind checking "multiple transactions" is to make it as easy as possible for you to locate the source documents a a later date. If you have three seperate cash out tickets for your cashed check and do not check multiple transactions, would you be looking for a single $45K cash out transaction?
As you an see, your answer ultimately depends on your procedures for how these transactions are processed.
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