Cash-In-Field Amount on CTR

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Question:

Client presents $15,000 in cash to make a $14,950 loan payment. What amount is recorded in the cash-in field on a CTR?

Answer:

Purists might suggest that you record it as a combination loan payment and currency exchange, showing a total cash-in of $15,000. I'd recommend that option if the teller cash log shows a cash-in of $15,000 and cash-out of $50. I think that giving back the "change" and simply recording the cash payment of $14,950 is acceptable if the teller cash transaction log shows that amount.

First published on BankersOnline.com 9/3/12