A Cashier's Check Purchased With Cash Is Not Included on the Monetary Instrument Report

A Cashier's Check Purchased With Cash Is Not Included on the Monetary Instrument Report

Teller sold a negotiable instrument for cash, but it was not included on the Monetary Instrument Report.


Environment:

EZTeller Enterprise

Workaround:

Banks are required to report sales of monetary instruments between $3,000 and $10,000 that are purchased with cash. Monetary instruments, also called negotiable instruments, include; cashier's checks, money orders, and prepaid cards.
 

Superview allows you to customize the Monetary Instrument Recording accumulation amount to comply with BSA regulations. The setting is under Profile Options > EZTeller > Transaction Settings. 

 

There are several reasons why a monetary instrument purchased with cash might not be included on the Monetary Instrument Report:

  1. The check was over $10,001.00 (Transactions over $10,001.00 will prompt the teller for a CTR).
  1. The check was under $3,000.
  1. The teller canceled the collection of the BSA/MIR data.
  • BSA Canceled will show in the electronic journal status box of the transaction.
  • Default overrides required to skip the collection of data is Supervisor authority level 4.
  • Override Data can be viewed within the transaction and in Superview > Reporting > Reports > Override Summary Report and Override Detail Report.

ArticleNumber:

000065423