Which transaction would trigger a CTR?

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Multiple Choice

Which transaction would trigger a CTR?

Explanation:
A Currency Transaction Report is triggered when a cash transaction exceeds the $10,000 threshold in a single day. Depositing cash that totals 12,000 in one day clearly crosses that limit, so the bank must file a CTR with FinCEN. Deposits of 9,000 are under the threshold, and electronic transfers or debit-card purchases involve non-cash methods, so they don’t require a CTR on their own. Remember, multiple cash deposits within the same day that total over 10,000 also require a CTR.

A Currency Transaction Report is triggered when a cash transaction exceeds the $10,000 threshold in a single day. Depositing cash that totals 12,000 in one day clearly crosses that limit, so the bank must file a CTR with FinCEN. Deposits of 9,000 are under the threshold, and electronic transfers or debit-card purchases involve non-cash methods, so they don’t require a CTR on their own. Remember, multiple cash deposits within the same day that total over 10,000 also require a CTR.

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