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#990938 - 07/09/08 04:34 PM BSA question
mikki Offline
New Poster
Joined: Mar 2005
Posts: 2
We have a possible new customer who owns multiple ATM machines located in various businesses and fills them weekly. He would be withdrawing approximately $150,000 weekly for this routine. Do you see any BSA problem regarding this activity if the customer is known to the bank and that the activity stays consistant week to week.

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#991631 - 07/10/08 03:15 AM Re: BSA question mikki
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
As long as the credits for the ATM transactions are also being deposited at the bank so you can monitor and compare the amount of cash withdrawn to the amount that is running through the machines, it should not be a problem.
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