For non-customers, is it ever possible to approve cash advances greater than $1,000?

For non-customers, is it ever possible to approve cash advances greater than $1,000?

• A. Yes, with senior officer approval
• B. No, not even with senior officer approval for anything over $1,000
• C. Yes, with Bill Seanager
• D. Only for emergencies with bank manager approval

Answer: (B)

Cash advance limits for non-customers are set to control risk, with a fixed maximum of $1,000. Approvals from higher-ranking officers do not lift this cap, so a non-customer cannot receive a cash advance exceeding $1,000 regardless of who signs off. This is why the correct stance is that you cannot approve more than $1,000. The other scenarios—allowing a higher amount with senior officer approval, referencing a specific individual as the approver, or permitting an emergency exception with the bank manager—do not align with the stated policy, which keeps the limit fixed for non-customers.

Cash advance limits for non-customers are set to control risk, with a fixed maximum of $1,000. Approvals from higher-ranking officers do not lift this cap, so a non-customer cannot receive a cash advance exceeding $1,000 regardless of who signs off. This is why the correct stance is that you cannot approve more than $1,000. The other scenarios—allowing a higher amount with senior officer approval, referencing a specific individual as the approver, or permitting an emergency exception with the bank manager—do not align with the stated policy, which keeps the limit fixed for non-customers.