CTR Required for Joint Account Withdraws?

Unless the bank has knowledge that the husband and the co-owner both benefited from each withdrawal, a CTR is not required as neither party withdrew over $10,000. You may be thinking of the 1995 guidance that requires that a CTR include all account owners if a deposit is made to a joint account. It is addressed by question 14.http://www.fdic.gov/news/news/inactivefinancial/1995/fil9570a.html

First published on BankersOnline.com 7/11/11