Teller Outage

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Question:

I have a teller that is over in her cash drawer by $1,000.00. Is there a governmental reporting requirement for an outage of this size?

Answer:

There is no government reporting requirement specific to teller outages. There is a requirement to file a Suspicious Activity Report (SAR) whenever you believe an employee abused his or her position. That requirement applies regardless of the amount involved. In the case of a teller shortage, if you believe the employee stole the money, you should file a SAR. This employee was over, so I see no basis for an accusation of wrongdoing.

First published on BankersOnline.com 11/20/06