Answer:
Although it is called a "cash" advance, in the scenario you described I doubt any cash changed hands, therefore no CTR would be required.
First published on BankersOnline.com 5/14/07
Filing a CTR on a Cash Advance
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Question:
What are the guidelines for filing a CTR on a cash advance made over $10,000.00? Is a CTR required if the advance is then deposited in an account?
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