Cash Deposits

Client is maintaining only a minimum balance in his ATM Savings Account.  He is depositing Php1,000 in 1-peso coin denomination.  There is a long line of clients queued after him.  Can the Branch refuse acceptance?

• Yes

• No

Answer explanation

No limit on the amount of coins which clients can deposit

When posting the deposit, do you just follow the Account Number written by the client on the Deposit Slip?

• Yes

• No

Answer explanation

Check if the Account Name given by the client matches the Account Name in the Deposit System for the indicated Account Number.

Holding period of cash deposits in US dollars and other foreign currencies.

• 15 Calendar Days Holding Period from Date of Deposit

• None

• 10 Banking Days from Date of Deposit

Is it the Teller’s discretion if he will accept a cash deposit to be left by the client subject to verification?

• Yes

• No

Answer explanation

Teller should secure the approval of the BSCO or Branch Head before accepting the deposit.

Can a representative sign alterations on the Deposit Slip if the client cannot be contacted for confirmation?

• Yes

• No

Answer explanation

The representative shall be advised to prepare a new Deposit Slip.

What cash deposit amount shall be immediately reported to Treasury?

• Php 5 million and above single transaction

• Php 10 million and above single transaction

• Php 15 million and above single transaction

What transaction amounts are required to be post-reviewed by the Officer?

• PhP 100k and above

• PhP 500k and above