Posted By: jross
CTR - Deposit/WD or NI Cashed - 11/24/10 05:07 PM
We need to file a CTR on a customer based on the following transaction:
The customer presented an on us check for $50,000.
The customer wanted $20,000 in cash withheld to take with him.
We made a deposit slip showing the 50,000 less the 20,000.
How do we report this?
I think we should show it as a NI cashed and show the acct number of the on us check in item 35.
The customer presented an on us check for $50,000.
The customer wanted $20,000 in cash withheld to take with him.
We made a deposit slip showing the 50,000 less the 20,000.
How do we report this?
I think we should show it as a NI cashed and show the acct number of the on us check in item 35.