We are thinking about offering E-deposits to customers. The customer would go into the home banking application, enter the amount of the deposit and the check information then physically mail us the paper check. The customer would receive immediate availability on deposits up to a specific limit. Once checks are received (within 5 days) we verify the check information and process the checks normally, but do not post the funds. If the checks are not received in time, we can extend the time requirements. What type of transaction is this considered and which regulation does it follow? Reg D, DD, E or Z? Do we have to provide special disclosures and if so, which ones?
What is the deadline return time for counterfeit checks?
Would a counterfeit pen work on a ten dollar bill from 1950?
If a customer claims that two bills they received from the bank were counterfeit, what are the proper procedures for handling this situation and reporting it accordingly?
What can a business owner do to protect their business name after a criminal has printed checks drawn off of their business and is trying to negotiate them around town? We caught the check as a fraud and closed the account. Now the customer is concerned with being reported as a company that writes bad checks.
I’m looking for a flyer or a good source of information that would help our employees recognize counterfeit bills. Any ideas?
Use of the Category ?Other?
Are we required to obtain an affidavit from customers if they report a check counterfeit and want it returned?
Do you have any tips for detecting counterfeit checks?
Should a SAR be filed for a $5000 counterfeit check? The suspect is not known and we were thinking it should be considered reportable under item d in the SAR instructions rather than not reportable as it falls into item c, is this correct?