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Acceptable Deposits - May 2011

For the scenario on the front of the flashcard, determine if the cheque is 'Acceptable', 'Not Acceptable' or 'Compliance Review Required'

AB
Cheque not personalizedCompliance review required
Payment from the advisorCompliance review required
Payable to 'The Bearer' or 'Cash'Compliance review required
Payor is not on the application, and cannot determine relationshipCompliance review required
Cheque is not in Canadian fundsCompliance review required
Money order for $100 or more and not from a Canadian BankCompliance review required
Cheque is from the insured and completed correctlyAcceptable
Cheque is from the policy owner and completed correctlyAcceptable
Cheque is from the beneficiary and completed correctlyAcceptable
Cheque does not have a payee name, but is otherwise correctAcceptable
Not payable to Manulife, but is endorsed to ManulifeAcceptable
Cheque is not signedNot acceptable
Numeric and written amounts do not match and the difference is more than $1Not acceptable
Cheque date is over 6 months agoNot acceptable

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