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#995420 - 07/15/08 03:27 PM Vault limit for banks
DinkD Offline
100 Club
DinkD
Joined: May 2001
Posts: 117
Georgia
I am really lost on this and would appreciate some help and/or guidance. One of my banks is asking if there could be an issue with so many memos sent to the Security Officer explaining the vault being over the limit for that branch. They are aware the bank sets the limit however the Ops Manager states that from time to time the vault will be over. This would be due to a customer would call and request $500,000 and then another one calls to request $500,000 so the vault is sitting there with $1mllion.

I honestly don't know how or where to even to research for an answer. Any help would be greatly appreciated.

Thank you.

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General Discussion
#995498 - 07/15/08 03:59 PM Re: Vault limit for banks DinkD
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
I suggest you repost your query in the private security forum. Cash limits are not a good topic for an open (public) forum.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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