Depending on how the client wants the Certificate of Deposit (CD) paid out, choose one of the following tabs.
Note: If you issue a money order or cashier’s check, the payee name must exactly match the names on the certificate.
Money Order or Cashier's Check
Client Service Center (CSC) – See Correspondence Procedures for the mailing of funds.
- Complete a CD Settlement General Ledger (GL) debit ticket 310-245105-6302-000 for the amount of the closing amount / partial withdrawal with the following information:
- Date
- Name
- Brief description
- CD account number in boxes above the MICR line
- Amount of partial withdrawal
- Associate's first initial/last name and extension
- Have the client sign the CD Settlement GL debit.
- If the client is not present, have two associates sign the CD Settlement GL debit.
- Take the CD Settlement GL debit with the credit copy of the bank check payable to the client(s) to the teller line, and place with the work for processing in Office Capture.
DDA or Savings Account
- On the CD Closing Entry Calculation screen in the Deposit field, enter the DDA or Savings account number.
- The CD will be closed and the funds transferred to the DDA or savings account. No tickets will be processed in the teller work.