This module will introduce you to the basic standards
and procedures that apply when you accept or cash checks
that are presented at the teller window. The laws and
compliance requirements affecting checks are detailed
and very important. Because customers will present
checks on a regular basis, you will need to know basic
check law requirements so you can effectively respond
to customers’ deposit and check-cashing requests. Also,
because of an increase in check fraud, accepting checks
poses the risk of financial loss for your institution.
As a result, your understanding of these rules is essential
to minimizing those risks and protecting your institution.
