Cash Operations and Services

(teller transactions)
 Cash Withdrawal in ALL or FCY
• This service is offered to a bank or non-bank customer of that
branch or another branch.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
- amount and CCY
-narrative
-commissions (according to bank terms and conditions)
-date of transaction and its value date
-customer signature
-bank signature and seal

• Accounting entries: (show I-Flex sample)

-Dr. Customer Account
-Cr. Cash Counter Account
 Cash Depositing in ALL or FCY
• This service is offered to a bank or non-bank customer of that
branch or another branch.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
- amount and CCY
-narrative
-commissions (according to bank terms and conditions)
-date of transaction and its value date
-customer signature
-bank signature and seal

• Accounting entries:
-Dr. Cash Counter Account
-Cr. Customer Account (or a third party account)
 Cash Depositing from Third
Parties
• This service is offered to a non-bank customer of that branch or
another branch.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
-amount and CCY
-narrative
-commissions (according to bank terms and conditions)
-date of transaction and its value date
-customer signature
-bank signature and seal

• Accounting entries:

-Dr. Cash Counter Account

-Cr. Customer Account (or a third party account)
 Buying cash FCY
• This service is offered to any customer who wants to buy FCY in
cash.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
-amount of FCY to be bought
-narrative
-exchange rate (selling ex-r for customer is a buying ex-r for the
bank)
-date of transaction
-customer signature
-bank signature and seal

• Accounting entries: (show I-Flex sample)

-Dr. Cash Counter Account (amount of FCY sold)

-Cr. Cash Counter Account (amount of FCY bought)
 Selling cash FCY
• This service is offered to any customer who wants to sell FCY in
cash.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
-amount of FCY to be sold
-narrative
- exchange rate (selling Ex-R for customer is a buying Ex-R for the
bank)
-date of transaction
-customer signature
-bank signature and seal

• Accounting entries:

-Dr. Cash Counter Account (amount of FCY sold)

-Cr. Cash Counter Account (amount of FCY bought)
Non-Cash Operations and Services

(customer service transactions)

 Account to Account Transfer
• This service is offered to a bank customer of that branch or
another branch for money transfer from one account to another
one.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
- amount and CCY
-narrative
-commissions (according to bank terms and conditions)
-date of transaction and its value date
-ordering customer signature
-bank signature and seal

• Accounting entries:

-Dr. Customer Account

-Cr. Customer Account (or a third party account)

(filling an example)
 Buying and Selling FCY from
Account
• This service is offered to a bank customer of that branch or
another branch for money transfer from one account to another
one.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
-amount and CCY
-narrative
-exchange rate (selling Ex-R for customer is a buying Ex-R for the
bank)
-date of transaction
-ordering customer signature
-bank signature and seal

• Accounting entries:

-Dr. Customer Account (on currency to be sold)

-Cr. Customer Account (on currency to be bought)
 Selling FCY from Account
• This service is offered to a bank customer of that branch or
another branch for money transfer from one account to another
one.
• This transaction should include these elements:

-customer request
-debited account number and name
-credited account number and name
-amount and CCY
-narrative
-exchange rate (selling Ex-R for customer is a buying Ex-R for the
bank)
-date of transaction
-ordering customer signature
-bank signature and seal

• Accounting entries:

-Dr. Customer Account (on currency to be sold)

-Cr. Customer Account (on currency to be bought)
 Time Deposit - Definition
Time deposit is a contract by which
the customer deposits a monetary
value in a bank, and the bank
becomes the owner of it being
obliged to turn back the deposit in
the same currency under the agreed
terms and conditions at the end of
the determined period - on maturity
date - or before it.
 General on Time Deposits
- Time Deposit Owner - Person on
the name of which time deposit (or
time deposit account) is issued

-Depositing Person - Person who

deposits the monetary value in Bank
(depositing person and time deposit
owner may be the same or not)
 General on Time Deposits
• Third persons, different from the owner of time
deposit may deposit monetary value on owner's
time deposit account.

• Withdrawing money from a time deposit might be

performed from third parties- only from a
procurator (holding a proxy)

• A time-deposit may have different terms based

on bank time-deposit products. Customer may
brake the agreed contract before maturity, but in
this case recalculation of interest id performed
according to bank`s terms and conditions.
 General on Time Deposits
• Individual time-deposit:

-individual contract (one owner)

-collective contract (two or more owners)

1. Simple collective contract (x and y)

2. Solitary collective contract (x or y)

• Deposits in favour of third parties, with or without conditions

• Deposits of physical or juridical person

 Operations with time-deposits
• Opening a time-deposit
• Providing with passbook (savings book)
• Registrations in passbook
• Substitution of passbook
• Time-deposit maturity
• Time-deposit reinvestment
• Withdrawal from time-deposit

- before maturity date

- after maturity date

• Opening a new time-deposit contract

• Closing a time-deposit contract
• Transfer of a time-deposit contract
 Time deposit transaction
• This service is offered to a bank customer of that branch or
another branch for depositing money with different periods.
• This transaction should include the following elements:

-time deposit type (elastic/fixed deposits)

-debited account number and name
-credited account number and name
-amount and CCY
-interest rate
-value date and maturity date
-date of transaction
-rollover type
-signed contract from both parties, customer and bank
-bank signature and seal

(interest rates buletin)

 Funds Transfer Transaction
• This service is offered to a bank or non bank customer of that
branch or another branch for money transfer from one bank to
another one.
• This transaction should include these elements:

-customer request
-beneficiary's name, account and address
-remitter's name, account and address
-remitter's bank details
-beneficiary`s bank details
-correspondent bank details
-amount and CCY
-payment details
-type of commissions (according to bank terms and conditions)
-date of transaction and its value date
-ordering customer (remitter) signature
-bank signature and seal
 Funds Transfer
• Swift message (202 and 103)

(Society for Worldwide Interbank Financial

Telecommunication)

• Fund Transfer (SWIFT / TELEX)

Telegraphic transfer (SWIFT / TELEX) is an easy and fast
way to transfer money from abroad. It is a direct,
bank-to-bank transaction. The bank that transfers the
funds sends the printed instruction for payment to your
bank in your country. The instruction is processed and
funds made available to the recipient intended.
 Funds Transfer
• A fund transfer should consist of the followings:

- The exact name of the beneficiary's account number

(IBAN), bank details (name, swift code) where the
customer wants to transfer the money

- The exact and full name and address of the beneficiary

- Amount and currency to be transferred

- Remitter's name and address

- Payment purpose
 Funds Transfer
• A fund transfer (payment order) is
an immediately payment form used
for international or domestic
transfers.

Funds transfer purpose

-Non commercial purpose

-Commercial purpose
 Incoming funds-transfer
• Scheme of their execution
• Time of their execution

Bank Head Office

-Swift message control

-Commissions control
-accounting entries transactions

Branch of Bank

-For individuals, identification document (in case of

withdraw)
-Transaction with accounts
 Outgoing funds-transfer
• Scheme of their execution
• Time of their execution

Branch of Bank

-Entries of transfer details

-Control of required documents
-Commissions control

Bank Head Office

-Swift message entries

 Funds Transfer- commissions
- SHA
• Commissions are shared, remitter and
beneficiary pay only their respective banks
commissions.

- OUR
• All commissions will be paid from remitter.

- BEN
• All commissions will be paid from
beneficiary.
 example
(ex. filling an example)