'69 Chevelle L78/4-sp Survivor

[Too Many Projects]

Originally Posted by 67since67

This one speaks to me... If it were a '67 I'd be all over it!!

You gotta get out of your rut, Bill...

Double the fun having 1 from each generation...

[L72Biscayne]

I called on this. He only takes cash. No wire,no checks,no money orders. Just CASH! Imagine the look on the tellers face when you ask for all cash. I took $8k cash last week and the teller had to ask me what I was doing with it. A friend of mine took $14K out of the bank one day to buy a car. He went to see the car and didn't buy it so, the next day he went to redeposit it and they had him fill out a form where the money came from. Crazy world we live in.

[67ssmn]

i dont blame him, too many scammers out there, is anything besides cash safe?,wire transfer should still be ok, i have never had to fill out any papers when withdrawing cash??

[L72Biscayne]

Originally Posted by 67ssmn

i dont blame him, too many scammers out there, is anything besides cash safe?,wire transfer should still be ok, i have never had to fill out any papers when withdrawing cash??

Yes,depositing over 10K cash in the state of Massachusetts you have to fill out a declaration form where the cash came from.

[Oldss]

Mother IRS uses the banks to keep track of large cash transactions. They report anything moved over the $10,000 mark weather your a well known reputable customer or drug dealer. No way around it. When the bank gets audited this information automatically goes to the auditor, if they don’t report it to them first.

[oldstv]

I was audited once, when I asked the guy what caused the audit he told me they wanted to know what I wanted to do with 18k cash. I told him it wasn't 18k it was 9 out and 9 back in. BTW, I did tell him it wasn't any of his business what I wanted it for. Don't think he cared...

[67since67]

Originally Posted by Too Many Projects

You gotta get out of your rut, Bill...

Double the fun having 1 from each generation...

But Mitch, I feel all warm and cozy here in my '67 rut!!

(I do have one '66!)

[60sStuff]

Originally Posted by L72Biscayne

I called on this. He only takes cash. No wire,no checks,no money orders. Just CASH! Imagine the look on the tellers face when you ask for all cash. I took $8k cash last week and the teller had to ask me what I was doing with it. A friend of mine took $14K out of the bank one day to buy a car. He went to see the car and didn't buy it so, the next day he went to redeposit it and they had him fill out a form where the money came from. Crazy world we live in.

I have been banking for over 40 years and paid off my house loan with this one particular bank.
A couple of years ago I go in to a teller to withdraw $9800. out of my savings because 10K is a no no.
So all the tellers there know me, but she says hold on Sir, I need to get the manager.
The manager wants to know what I’m doing with such a large sum of money.
Now I’m starting to boil inside and I tell her I’m buying drugs and it’s none of her damn business. Plus I threaten to close all my accounts and take my money elsewhere.
You should have seen the look on her face. Sorry Mr. Terry, how do you want “your” cash.
I fumed for days over that.

Sorry for the vent. I guess I’m still fuming from that day. 🙄

[tom406]

Don’t forget there’s a number of places with search and seizure laws that let the police keep your confiscated cash for just suspecting its ill-gotten. Since they get to keep the money sometimes they don’t try very hard to prove otherwise. On the other hand, I don’t mind a concerned bank manager asking about elderly or vulnerable people withdrawing money on a potential scam. Hell I had a call that had me running around trying to buy Visa gift cards (don’t ask) to somehow deal with a fake legal problem. The scammer was smooth enough it took the questioning of a cashier (“are you sure this is real”) to snap me out of it.

[Too Many Projects]

Yep, the IRS has been weaponized to use against we the people. Been down the road of withdrawals and make them in small enough increments to avoid the paperwork. Any questions asked get a blank face and a polite "no ones business but mine, it's MY money, not the banks".
Just handed the teller at my bank 30 $50 bills today. I expected some sort of question about that, but after the previous conversation we had about "we don't use deposit slips anymore", I guess she knew better than to ask...