CTRs - Fees & Cash Purchases of Cashier's Checks

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Question:

We charge a fee of $25 for selling cashier's checks and a person buys a cashier's check for $9,990 in cash and pays the fee in cash, should we file a CTR? If a customer wants to cash a check for $10,010 and asks the teller to deduct the $25 fee from the check, should a CTR be filed?

Answer:

1. Yes, report $10,015 in cash in.
2. Yes, report $10,010 in cash out.

First published on BankersOnline.com 10/20/08