Which employee's approval is required for cash advances between $2,500 and $5,000 for customers?

Which employee's approval is required for cash advances between $2,500 and $5,000 for customers?

• A. Bill Seanager
• B. Branch Manager
• C. Senior Officer
• D. Customer's supervisor

Answer: (A)

Mid-range cash advances require a supervisor-level approval to maintain proper controls and accountability. For cash advances between 2,500 and 5,000, the designated authority is Bill Seanager, who has the specific signing authority assigned for this range. This ensures that larger advances are reviewed and authorized by someone with the appropriate oversight, reducing the risk of misuse and creating an auditable trail. Other options don’t align with this policy because they refer to roles or positions that aren’t assigned the approval for this exact range (or refer to an external person). The policy uses a specific individual for this mid-range approval, not a generic role.

Mid-range cash advances require a supervisor-level approval to maintain proper controls and accountability. For cash advances between 2,500 and 5,000, the designated authority is Bill Seanager, who has the specific signing authority assigned for this range. This ensures that larger advances are reviewed and authorized by someone with the appropriate oversight, reducing the risk of misuse and creating an auditable trail.

Other options don’t align with this policy because they refer to roles or positions that aren’t assigned the approval for this exact range (or refer to an external person). The policy uses a specific individual for this mid-range approval, not a generic role.