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Can a Teller Answer My Question?
If I go to a bank and ask if the deposit limit for filling out a Large Currency Transaction Form, is $5,000 or $10,000, is the teller or other bank employee allowed to answer my question? I know for a fact that it is $10,000, but just want to know if the bank employee is allowed to tell me that. I read on an internet search that if the topic is initiated by the bank customer, the bank employee is allowed to answer the question, but just want to make sure this is correct.
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 Actually $10,000 is incorrect. Yes, the teller can answer, but in many cases banks instruct them not to do so. Some banks will have a brochure that they can hand out that explains what happens when there are large cash transactions. The teller could answer incompletely and potentially break the law, and/or encourage the depositor to break the law. That is why many are taught not to answer these types of questions in the first place, and if this reply seems to skirt part of your question, we don't want to provide you with information that contributes to breaking the law either.
If a CTR is completed, it should not worry you. The people it should worry are those laundering money, those depositing and withdrawing large cash amounts with no apparent reason to do so, such as it isn't their money.
Published on BankingQuestions.com 6/02/10
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