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#936637 - 04/04/08 07:03 PM Night Depository Agreement
Web Offline
Gold Star
Joined: May 2005
Posts: 316
Is there a regulation that dictates how Night Deposits should be handled? Internal audit is telling us that if a customer uses our night depository more than 18 times in a year we need to have a signed night depository agreement and i just want to see where and what reg says so. Thanks

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Operations Compliance
#936672 - 04/04/08 07:33 PM Re: Night Depository Agreement Web
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 80,325
Galveston, TX
If it is addressed, it would be at the State level. I have never personally seen a State law or regulation that would address this.
The opinions expressed here should not be construed to be those of my employer:

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#937545 - 04/07/08 08:57 PM Re: Night Depository Agreement Web
#12 Online
Diamond Poster
Joined: Jun 2005
Posts: 1,338
Maybe it's not in a regulation but a bank policy or procedure? Ask them where they are getting their information. The auditor should be able to back up his/her information.

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