For those of you whose banks cash on-us checks for non-customers - what are your procedures for this? Do you run OFAC regardless of the check amount or over a certain risk-based threshold that your bank has set? Do you collect identifying information on the non-customer (other than to verify they are the payee)? Do you create a record of them in your system? Or do you refuse to cash any checks for non-customers? Any other procedures that you have in place for this?

We are reevaluating our procedures, so any information will be appreciated!

We have a threshold for when we run OFAC on non-customers cashing checks. We have never had an actual OFAC hit at our bank so it is probably overkill.

We will cash on us checks for non customers. We do run OFAC regardless of amount and we do create a record of them in our system.

We will cash an on-us check for a non-customer, but we have chosen not to to an OFAC search.

We have also chosen not to run an OFAC search when cashing an on-us check for a non-customer.

Does anyone charge a fee to cash an on-us check for a non-customer? We do a lot.

We do charge a fee for cashing an on-us check for a con-customer.

We will cash onus checks for non-customers, with a fee. No OFAC.

We would verify they are the payee, we do not charge a fee to cash an on-us check.

We also charge a fee to cash an on us check for a non customer.

Thanks for your feedback.

I feel like an on-us check cashing fee for a non-customer could be scrutinized, since a payee who does not qualify for an account would have no other way of negotiating the item. However, there's no compliance reason that prohibits it....

we charge a fee if the check is over a certain $ amount