Fund Transfer

[Schonyenko2]

[ QUOTE ]
Der government must know what ze comrades are doing wis der money!

[/ QUOTE ]
Must be East German before the commies left.

[GRB]

Dis iz true comrade! No soup for you!!

[NCGuy68]

The bank told me that a 'wire' transfer is not reported. Cash is a different matter.

Thoughts?

[69LM1]

I tried to get several postal money orders the other day (four to be exact) and they have a 1,000 limit.

Lo and Behold, new reg that says anything over two, and you have to fill out a federal form!

Also, had trouble getting seven thousand CASH out of my bank account recently. To the point where they had a cop come over and start asking why I wanted so much cash, what I intended to use it for etc...

[71-LS6]

I would just apply for the new bank of america illegal american credit card, then just take a cash advance......
Seriously though, these reporting rules have gotten out of hand.

[TXSS]

Rich

I'd find a new bank.

I take cash out of my account all the time. Sometimes as much as 40 or 50K no questions asked. All I have to do is call the day before to make sure they and I have the amount I need. If some bank lobby cop came up to me at the tellers window and started asking questions regarding my plans with my money I'd have to tell him to put it where the sun don't shine.

[427king]

[ QUOTE ]
I tried to get several postal money orders the other day (four to be exact) and they have a 1,000 limit

[/ QUOTE ] The ironic thing about postal money orders is that the government wont let you buy 2000.00 worth without filling out a form when you pay for them with cash, yet the only form of payment the government accepts on a Postal MO is CASH,they wont take any type of checks or credit cards to purchase them,so when you go to your bank to get the cash you need to fill out a paper,and then fill out another when you buy the MOs at the post office

[Woj]

I have a friend that worked in the "big brother" department at a Federal level and was one of the guys checking those transactions. Last he mentioned (a few years ago), it was still a 10K trigger that got your name and transaction amount on a list. He reviewed these lists looking for patterns and criminal activity. If you are on the up and up, I'd say you have little to worry about.

Phil Woj.

[Rick Cell]

Check this site for Canadian legislation
http://www.fintrac.gc.ca/