Writing Multiple Checks to Buy Customers

In most cases, it is fine to write two checks to a buy customer for a buy. Many times, they are selling merchandise for a relative or friend as well as their own, and want separate checks for each bunch.

However, we can never assist a customer in avoiding being reported on by a bank. If a customer ever asks us to write more than one check for a buy for the purpose of avoiding being reported on by the bank, we cannot do it. Just politely explain that we can only give him or her one check for the transaction.

It is also illegal to suggest to your customer that he or she can avoid having a form filled out by getting more than one check. It is illegal for you to try to help him or her figure out how to get around it. Don’t make suggestions.

BUYS OVER $10,000

In order to avoid any appearance of assisting anyone with avoiding any kind of reports, we cannot write multiple checks for any buy over $10,000, no matter what the circumstances, even if some of the stuff belongs to someone else.

If a buy customer does a deal and gets a check, and then comes back later and sells more stuff, then you don’t have to rewrite the original buy check, and you can write a second one, even if the total of the two checks would be over $10,000. But don’t ever suggest to a customer that they come back later to do a second transaction in order to get two checks.

If you have any questions about what is appropriate in any situation, as your Estate Buying Manager or the COO.