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#543062 - 05/04/06 02:47 PM CTR for cash exchange
BankerKB Offline
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BankerKB
Joined: Jan 2005
Posts: 288
If a customer brings in $10,100 dollars and then exchanges it for a different $10,100 from the teller for change for their business does this require a CTR?
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#543063 - 05/04/06 02:54 PM Re: CTR for cash exchange
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,649
Galveston, TX
Yes - list the amount in both the 26 and 27 boxes and check box 33.
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#543064 - 05/04/06 03:05 PM Re: CTR for cash exchange
doosmom Offline
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doosmom
Joined: Mar 2005
Posts: 96
The Delta
Heeeeeeeeeey....I knew that one! I was all hyped to help. You guys are awesome!
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#543065 - 05/04/06 03:51 PM Re: CTR for cash exchange
BankerKB Offline
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BankerKB
Joined: Jan 2005
Posts: 288
I thought so but wasn't sure how it would be put on the CTR. Thanks!
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#543066 - 05/05/06 03:59 PM Re: CTR for cash exchange
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
$10,100 cash in and $10,100 cash out. Check the currency exchange box to document type of transaction.

We should also be aggregating cash transactions for our customers when we have knowledge that we have a CTR reportable transaction. For example, let's say Tammy Teller has just worked the night drop and knows that a customer is going to have a CTR for multiple cash in transactions. Later that morning, the customer comes in and exchanges $500 in cash for coin. The $500 should be aggregated into the cash amounts for that customer for CTR purposes.
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