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Rich Moldenhauer
Flagship Bank Minnesota

 
 
Teller Cash Procedures
Contributed by:VP‚ Back Office/Deposit Operations
Asset size: Bank with under $250m
Location: Midwest
Description: I have attached the table of contents covering the teller cash procedures that may be of interest to you.

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MORE PEER CONTRIBUTED DOCUMENTS:

36 Documents 60 Answers 28 Exam Watches 25 Vendor Reviews

Cash and Negotiable Instruments Procedures
Asset size: with under $250m
Description: Teller cash procedures
Teller Policy and Procedures
Asset size: with under $250m
Description: Teller Operating Policy and Procedures is 21 pages long. It was written to give clear and percise guidance to tellers regarding acceptable practices. This document has also served as a tool for measuring performance. Great for tellers that are new to the field.
Branch Cash Audit Workpapers
Asset size: with under $250m
Description: An Excel workbook of cash audit wokpapers for teller drawers, cash vault, ATM, bait money listing, and various branch logs. This is an .xlsx document created in 2007 Excel. Users on earlier versions of Excel may have compatibility issues when opening. If you have issues, email me and I will help you correct them.


RELATED QUESTIONS AND ANSWERS:
Q
Procedures for tellers to identify suspicious activity
Asked by: SVP,‚ Compliance/BSA/Legal
Asset size: Bank with
Location:OH

We recently had State Safety & Soundness Examiners at our institution and although our BSA procedures were acceptable, they suggested that we have seperate procedures specific to our tellers allowing them to better recognize suspicious transactions and the procedures they should follow. Does anyone have anything on this?
A
Answered by:SVP, ‚ Compliance/BSA/Legal
Asset size: Bank with between $250m - $500m
Location: TX

Anything strange or unusual can be suspicious. If it meets the strange or unusual test, i...
Q
Adequate cash on hand
Asked by: SVP,‚ Finance/Investments
Asset size: Bank with
Location:NE

Does anyone have a procedure for determining how much cash you should have on hand? We are well over our required reserve amount and would like to see how much we can reduce the cash on hand yet have enough to conduct daily business.
A
Answered by:Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: MO

Mathematically speaking if you documented the daily balances in your cash accounts (which...


RELATED EXAM EXPERIENCES:
FRB - S&S | November 2011
exam experience posted by a Manager‚ Audit from member with under $250m in assets
They seemed to spend a lot of time on the teller area and cash controls. Other exams had indicated that this was not an area of focus.
FDIC - BSA/AML | September 2013
exam experience posted by a VP‚ Compliance/BSA/Legal from member with under $250m in assets
BSA Examiner requested reconciliation of all official checks looking for outstanding checks that may have been used for money laundering/structuring purposes, i.e. customer bought check for $25,000; a month later got cash of $10,000 and got another check for $10,000.
FDIC - IT | October 2012
exam experience posted by a CTO‚ Technology from member with under $250m in assets
Questioned us about a particular cash management customer and determined that they were a third party sender, thus changing our requirements relating to that customer.

RELATED VENDOR REVIEWS:
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Financial Tools, Inc.
Policies & procedures
HEIT
OnTarget Teller Platform
Jack Henry
Desktop Teller
CSI

 
 

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