Im interested to find out what honestly happens when a cashier in a bank cant balance their till at the end of the day. I work for a bank and even if a till is £1 over or short it is still made in to a cash error and is formally recorded and the records are kept, and the cash error record is looked at in appraisals/reviews etc. I hear lots of stories about banks taking money from tills and not worrying about it. Can anyone tell me, honestly, what actually happens if cashiers have an error at the end of the day?? I dont even need to know the bank if you dont wanna say, im more interested in what happens!!! Thanx
2007-02-23 09:08:04 · 5 answers · asked by Laure 2 in Business & Finance ➔ Other - Business & Finance
My fiance is a Cash Manager at a bank, so I'm handing the keyboard to him now:
Any amount under £10 we leave until the next day and if it is still wrong then we take it out or put it into a float with previous overs. It's actually more expensive for the bank to officially investigate it than to reimburse it. (This is not official policy but most of our branches do it.) Anything greater than this we pass to overs or shorts in tills budgeted for by the individual branch. For an small amount, ie under £20 , the discrepancy is usually not put against you and it is reviewed with the manager. It's very rare to find bank cashiers with their hands in the till as there are a lot of safeguards against this. Hope this helps.
2007-02-23 09:14:46 · answer #1 · answered by Wildamberhoney 6 · 6⤊ 0⤋
I have a friend who works in a bank and they do seem to hold it against a cashier if they are down at the end of the day. I do know they dont make as much fuss if they are up though.
2007-02-23 09:13:01 · answer #2 · answered by jeanimus 7 · 3⤊ 0⤋
I know that daily they have turn in a balance sheet. Any descrepancies are reports to the loss prevention officer and I believe they can only have a couple descrepancies before they are let go. Any large amount would be considered at a totally different level. As far as hands in the till - I doubt it. There are cameras everywhere. And I do mean everywhere.
2007-02-23 09:14:45 · answer #3 · answered by KATHY A 2 · 2⤊ 1⤋
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2015-04-28 21:41:36 · answer #4 · answered by Irene 2 · 0⤊ 0⤋
hard thing. do a search into yahoo and bing. this will help!
2015-04-28 18:41:19 · answer #5 · answered by Carolyn 2 · 0⤊ 0⤋