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
Banks still have to fill out a form for electronic wires and they make a copy to send to feds if it is over 10k.
Just standard procedure.