Customer deposits a check to his account (not on us) and the cash back from the deposit requires a CTR. Do you choose the box for negotiable instrument cashed or deposit/withdrawal?
Posted By: BuckDog
Re: CTR on Cash Back from Dep - 10/04/12 08:43 PM
If the total of the check was run as deposit, then deposit/withdrawal box. If it was a split transaction, and they received the majority back in cash, then I think negotiable instrument cashed.
Posted By: BrendaC
Re: CTR on Cash Back from Dep - 10/04/12 10:00 PM
Negotiable instrument cashed per FinCEN directive to me several years ago. They always want to know when a negotiable instrument is involved.
Posted By: Elwood P. Dowd
Re: CTR on Cash Back from Dep - 10/05/12 10:11 AM
The money was never in the acccount; "witdrawal" is not an option.