Most Popular Operations Content
CTR Exemption - Check Casher
11/12/2023
Would a CTR be required if several individual employees endorsed their respective payroll checks (all individual payroll checks are under $10,000 but combined they aggregate to an amount that exceeds $10,000), and the owner of the business (which is exempt phase 2) cashed them for the purpose of distributing the proceeds back to the individual employees? Is this allowed under an exemption? PS - Our Compliance BSA Officer abruptly left the bank with no guidance, and we are trying to make sure we do things correctly.
Emergency Saving distribution from an IRA—what is new?
11/12/2023
Can customers take out $1000 without penalty for an emergency?
UTMA Custodian is MIA
11/12/2023
I have a UTMA account where the custodian (mom) has lost contact with both the bank and the child. What can we do as the bank to pass the funds to the child who is currently only 13?
See-Thru Trust as Beneficiary?
11/05/2023
What happens if a trust is a beneficiary of an IRA?
Estates are a Nondesignated beneficiary—what does that mean?
11/05/2023
Beneficiaries of an IRA are deceased, does the estate become a beneficiary?