Went to make a deposit to First Citizens Bank two days ago. The amount was less than $500. The tell asked for my ID. I got pretty loud and asked what she needed it for. She stated they are now required to document every single cash deposit.
I believe it's time to stop using banks. Hmmm I wonder what those new 87,000 IRS agents will be up to...
Big city or small town? Maybe that makes a difference. In Mayberry towns the tellers already know you…but for $500 seems strange still for a deposit even if they don’t know you. They’ll get pretty wound up about $10,000 or more though. If I had $10,000 to deposit I would buy gold coins and buy a good safe.