Posted By: NU Rhules
CTR - Doing Business As - 10/05/12 12:57 PM
Non customer Joe Blow presents on-us $11,000 check and wants $11,000 cash. Joe volunteers that he is a car salesman, owns Joe Blow Motors, and the check is payment for a sale. So the teller logs occupation as car salesman, and DBA "Joe Blow Motors" in box 5 (legacy form). But staff in the bank want me to remove the DBA information saying it's not our business. I say it makes the bank look bad for cashing a check that should have been deposited in his own bank account. Their reasoning is that he possibly wanted to ensure he got the $$ making sure the check was good. What are my compliance issues if I leave the DBA information in block 5 - or not? Or am I being too worrisome?