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How to Report CTR Fee for Cashiers Check

Answered by: 
John Burnett

Question: 
A customer wanted a cashiers check and paid cash that resulted of course into a CTR. A fee was included. When filing the report, do we only put the amount they physically gave us or are we suppose to include the fee?
Answer: 

If the fee was paid in cash, it's part of the cashier's check purchase transaction, and you report it as such. For example, if the check amount is $10,000 and the fee is $5, you'd file a CTR because $10,005 is the total transaction, and you'd place the entire $10,005 amount in item 25d.

First published on BankersOnline.com 5/20/13

First published on 05/20/2013

Filed under: 
Compliance
Filed under compliance as: 
IT

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