Skip to content

CTRs on joint accounts

Answered by: 

Question: 
If a cash deposit for $15,000 into a joint account, do I report it on one of the joint owners or both?
Answer: 

You report the 2 Part Is—one on each of the individuals who own the joint account since they both benefit from the funds. On the money going out, it could just be on the one owner.

--------------------------

Learn more about Deborah Crawford’s Teller Compliance Issues: CTRs, Reg CC, UCC 3 & 4, and BSA webinar

First published on 10/16/2022

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