Thread Options
#2260962 - 10/08/21 07:42 PM CTR Item 24 as it pertains to ATM transactions
Craney Offline
New Poster
Joined: Jun 2020
Posts: 19
Do you check the ATM box on Item 24 for any transaction that happened at an ATM? For example, customer withdrawals $1,000 at an ATM and then $9,500 from the branch. We have a conductor and we put that he did an $11,500 withdrawal. My thought on the ATM box through Item 24 was for when a customer made cash deposits through an ATM, and you didn't have conductor information. Any help is greatly appreciated.

Return to Top
BSA/AML/CIP/OFAC Forum
#2260965 - 10/08/21 07:52 PM Re: CTR Item 24 as it pertains to ATM transactions Craney
compgal21 Offline
Junior Member
Joined: Jan 2021
Posts: 36
We mark ATM if the customer conducts any transactions whether it be cash in/cash out if it was conducted at an ATM.

Return to Top
#2260966 - 10/08/21 08:02 PM Re: CTR Item 24 as it pertains to ATM transactions compgal21
Craney Offline
New Poster
Joined: Jun 2020
Posts: 19
Thank you!

Return to Top
#2260967 - 10/08/21 08:05 PM Re: CTR Item 24 as it pertains to ATM transactions compgal21
compgal21 Offline
Junior Member
Joined: Jan 2021
Posts: 36
Also - we have signature cards that state cards numbers of each party if there is a two parties on the account to determine to conductors. If you aren't sure of the conductor - you could probably read FinCen's guidance on transactions if the conductor is unknown.

Return to Top
#2261032 - 10/12/21 06:59 PM Re: CTR Item 24 as it pertains to ATM transactions Craney
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 39,588
Cape Cod
You check the "ATM" box in item 24 if any part of the reported transaction(s) was conducted at an ATM, regardless of whether you know who made the ATM transaction, according to the instructions for electronic filing of a CTR.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z