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#354894 - 05/03/05 05:24 PM Employee Transactions
straw Offline
Power Poster
Joined: Nov 2002
Posts: 9,121
I have a situation where a credit card cash advance was performed for an employee. The employee swiped their own card through the card reader, completed the card authorization form, including the authorization code.

The employee then passed the form to a teller to post the transaction.

Would you consider disciplinary action against the employee who swiped and recorded their own authorization?

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Operations Compliance
#354895 - 05/03/05 05:33 PM Re: Employee Transactions
DogLover Offline
100 Club
Joined: Aug 2003
Posts: 146
Sunny Florida
I would refer to the bank's policy for processing own transactions. This would be against our policy and disciplinary action could be taken.

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#354896 - 05/03/05 05:35 PM Re: Employee Transactions
William Offline
Gold Star
Joined: Oct 2000
Posts: 470
In a location
In general, no employee should be allowed to perform his or her own transaction. Period. A reprimand, at least, is in order.

Or, may I work there?… because I would like to make myself a loan…. (That may be silly, you say, but there is a lot of other “bad” stuff that happen if employees can perform their own banking transaction.)
Comments are mine and not those of my employer.

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