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Bank of America says it won't sell CWR anymore.
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<p>[QUOTE="danmar2, post: 2563338, member: 74204"]Hmmm? Many, many years ago when I was learning the business at a small S &L, I had to work a few weeks as a teller to experience what they went through. I had to learn how they balanced at the end of the day. I also had to learn how to balance the entire branch among other things. When a customer brought in wrapped rolls, their name and account had to be written on the roll just in case that at some later date when the roll was opened, the roll was short. (All customer wrapped rolls were recounted after they were opened before it went into the cash drawer.) If it was, the amount would be deducted from their account. I don't know how it is done now since I don't get rolls from the bank, but I think that is an easy and simple way to assure that any shortage is addressed. Even if the teller or the branch was off by cent, it had to be found before the branch closed. If it was not, you had to 'force' balance the Branch and then look for it the next day. This was also was the way it worked with customer wrapped rolls at larger banks (like B of A) I worked for.[/QUOTE]</p><p><br /></p>
[QUOTE="danmar2, post: 2563338, member: 74204"]Hmmm? Many, many years ago when I was learning the business at a small S &L, I had to work a few weeks as a teller to experience what they went through. I had to learn how they balanced at the end of the day. I also had to learn how to balance the entire branch among other things. When a customer brought in wrapped rolls, their name and account had to be written on the roll just in case that at some later date when the roll was opened, the roll was short. (All customer wrapped rolls were recounted after they were opened before it went into the cash drawer.) If it was, the amount would be deducted from their account. I don't know how it is done now since I don't get rolls from the bank, but I think that is an easy and simple way to assure that any shortage is addressed. Even if the teller or the branch was off by cent, it had to be found before the branch closed. If it was not, you had to 'force' balance the Branch and then look for it the next day. This was also was the way it worked with customer wrapped rolls at larger banks (like B of A) I worked for.[/QUOTE]
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