Does anyone have any experience or insight with this?
One person I know has a client that had to pay them 20k and couldn’t get their money from their banks for weeks.
Another person was replacing his boat that broke down and couldn’t get his money out of the bank.
In my experience, if you have the money in your account you can get a cashier check same day
Large amounts are flagged and usually have a waiting period. It goes into national security issues. Doesn’t mean it is right but there is a reason it happens, though clearly the politicians don’t fall into “being flagged when a weird transaction is done” group.” Sounds like it shouldn’t pertain to the common folk either.