Effective November 15, 2011, Treasury checks presented at POS ONE postal retail units (PRUs) for cashing are now incurring a check-cashing fee of $4.00. A new Account Identifier Code (AIC) 255, Treasury Check Cashing Fee, will be used for PRUs to report the fee assessed for cashing a Treasury check. Treasury checks issued from USPS® are exempt from this fee.
Handbook F-101, Field Accounting Procedures
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9 Cash Management
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9-3 Checks
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9-3.3 Cashing Checks
[Revise text to read as follows:]
PRU employees may cash the following financial documents, provided sufficient funds are available:
n U.S. Treasury checks.*
n Postal Service salary checks.
n Postal Service commercial checks.
Note: PRUs must not hold funds overnight for the purpose of cashing checks.
Employees must cash checks listed in 9-3.3 in compliance with the following requirements as well as any additional specific instructions from the postmaster or the district:
a. The customer’s name must be printed on the check.
b. The photo ID with signature must match the signature endorsement on the back of the check.
c. The photo ID information must be recorded on the face of the check by the cashing employee.
d. The check date cannot be more than 1 year old.
*At POS ONE offices, AIC 255, Treasury Check Cashing Fee, will be used to report the fee assessed for cashing a Treasury check. Treasury checks issued from USPS® are exempt from this fee.
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Appendix A Account Identifier Code/General Ledger Account Crosswalk
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[Revise the following AICs in Appendix A to read as follows]
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We will incorporate this revision into the next online update of Handbook F-101 available on the Postal Service™ PolicyNet website:
n Go to http://blue.usps.gov.
n Under “Essential Links” in the left-hand column, click PolicyNet.
n On the PolicyNet page, click Handbooks.
(The direct URL for the Postal Service PolicyNet website is http://blue.usps.gov/cpim.)
— Revenue and Field Accounting, Controller, 12-15-11
