Can a check payable to to a business ( which does not have an account here) be converted to a cashier's check payable to the same business?
When I have fraud on an account, I send out fraud documents to the member and require they be signed and returned before we can get credit back. If the member never signs the documents and time expires to do this, does the credit union have any recourse for the member, can we charge it back to them legally or does the credit union have to take the loss? What should be done?
Two non-customers came into the branch. Each has a check payable to themselves for $6,000 from the same attorney. They go to the teller window together and each person cashes their check. They are together at the window the entire time. Does a CTR need to be filed because they were conducting the transactions together?
What is a shell company?
For an ACH transaction we (RDFI) have received, we believe a third party made the payment to an account and we (as RDFI) would like to return it. May we return it using the return code R23? R23 description sounds as if the recipient account holder should return the transaction.