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...
I think they’re trying to stop anonymous crypto type transactions.
There are some folks who will give out bank account numbers and if you deposit into their account with a memo of your crypto wallet id, they’ll take a cut but put most of your money into your wallet.
That way your deposit is anonymous into your anonymous wallet. It’s really untraceable.