Latest Operations - Checks Topics

Question: We recently got burned pretty badly on a kite situation. Can you tell me what we should do in case of a kite? What are our rights to protect ourselves?

Question: The list of "next-day availability" items in the Vol. II, No. 6 article on EFAA says checks of less than $100 are given this treatment.

Question: On the insert "Training Questions & Answers" in the June HOTLINE, Question No.

The Basic Banking Bill in the House of Representatives (HR6) requires financial institutions to maintain low or no cost accounts for certain individuals.

National average charge for bounced checks is $13.51, according to an ABA survey.

According to a study done in California, there is one criminal incident per 3.5 million transactions at the ATM.

Question: We have a customer who deposits numerous checks each day who wants to do their own encoding. What is our liability if we allow them to do that?

Question: Income tax refund is coming up. When we get a check at the teller's window that is payable to both husband and wife, and only the wife is here, can we cash the check?

Question: We are having a few problems with the Bank Secrecy and Money Laundering rules. Can you please describe the situations where multiple transactions apply?

The state of Pennsylvania was home in the year 1782 to the first commercial bank, in 1791 it hosted the first central bank, in 1816 it chartered the first mutual savings bank, in 1831 it backed the