On [Date], [Name] deposited a [Check Amount] check into their checking/savings account, [Account number], with [Financial Institution].
The check was deposited via [method: mobile deposit/ATM/teller] and was later returned unpaid due to [reason: e.g., account closed, counterfeit, altered, or unauthorized signature].
The details of the check are as follows: [Date], [Check Number], [Check Amount], [Maker], [Financial Institution/Drawee], and [Payee].
On [Date], I contacted [Maker] to discuss the check. They stated the following…
On [Date], I contacted [Financial Institution/Drawee] to discuss the check and spoke with [Name]. They stated the following…
As of the date of this report, [Institution Name] has sustained a financial loss of [Amount] or successfully reversed the transaction without loss. Due diligence efforts to contact the subject via phone and/or mail were unsuccessful (if applicable). The account has since been [closed/restricted/frozen].
SAR Template Check Fraud
Key SAR Elements
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Who: Full name, DOB, account number, occupation.
What: Structuring via cash deposits below $10k CTR threshold.
When: Specific dates of activity, time frame of review.
Where: Specific branch locations.
How: Pattern of deposits, amounts, and customer statements.
Why Suspicious: Knowledge of CTR requirements, sudden change in behavior, lack of legitimate explanation.
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