Latest Operations - Return Items/Checks Topics

How to Handle A Returned Check

02/02/2015

How should a returned check be handled in the branch? Does the customer need to be notified in advance of the returned check before the funds are debited from their account?

Time Frame for Returning Checks to Another Bank

01/12/2015

How long does a bank have to return a bogus check to another bank?

Notification of Large Return Item: Over 2,500

09/01/2014

I was told that it was no longer required to send notification of Large Return Item to the bank of first deposit, when returning items 2,500 and over.

Return ACHs If For a Non-Customer?

06/09/2014

Are we suppose to return ACHs that come in to a customer's account for a non-customer? We currently return ones that we become aware of before they hard post to the account but I didn't know if there is a Reg that governs it or if it's just bank policy.

Definition of "Unable to Locate" -Returned Check

04/14/2014

Three checks - all the same amount and same serial number - were cashed by our customer and subsequently returned to our bank as unable to locate. The prosecuting attorney is asking for a definition of unable to locate and I am having difficulty locating this information. Please advise how I can respond - without this information the prosecuting attorney doesn't feel he can win the case.

Entries to Contest Late Return (Fed Cash Letter)

02/24/2014

We have received a late return in our Fed Returns cash letter today and wish to contest it. What entries are required for us to make?

Time Frame to Return Check Missing Endorsement

02/10/2014

What is the time frame to return a check for missing endorsement?

Notify Depository Bank of Large $ Return?

12/16/2013

Are paying banks still required to notify a depository bank of a large dollar return? If so, are the requirements of these notifications: 1) Any check in the amount of $2,500.00 or more. 2) Notice must be sent in time for the Depository Bank to have received it by 4:00pm (local time) on the second business day following the banking day on which the checks was presented to the paying bank.

Trends in and Benefits of FinCEN?s BSA E-Filing System

01/01/2001