My bank has received a counterfeit check from a depositing bank. Our customer called the day the check cleared his account and we returned the check to the Bank of First Deposit on the same day as reported. Who will take the loss on this item, the BOFD or my bank? And should we treat this as a fraud/ disputed item ?
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?