Skip to content

CTRs - Fees & Cash Purchases of Cashier's Checks

Answered by: 

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

First published on 10/20/2008

Filed under: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics