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Risks of Tellers Selling Money Back and Forth

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Question: 
What are the risks of tellers selling money back and forth instead of buying and selling to the vault? (Example.... teller 1 needs $2,000 in $100 bills and teller 2 has an extra $,2000 in their drawer. So teller 1 buys from teller 2 instead of buying from the vault.)
Answer: 

Banks will usually allow it with certain dollar limits, tempered by teller experience and staffing levels. You don't want to create a situation however where two newer tellers get into a dispute over who shorted whom.

First published on 07/04/2021

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