Seems like a good idea before there is a bank run due to various reasons. Do I have to report a withdrawal of like 5k?
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I've taken $10k out twice in the last few months. The first time the teller asked me what I was going to do with it (I said "I'm just moving money around") and the second time they didn't ask and I didn't offer. $10k is the most I'm comfortable taking out at a time.
They have no fucking business asking what you are going to do with YOUR money that you have lent to them. You should say and ask, “the fair and legitimate question is, what have you been doing with MY money?”
YES!!! Why the F are they asking what YOU'RE doing with YOUR money??!
I'd counter that question, "Are you VAXXX'd?" or "Do you have any STDs?"
Nunna-ya-bizniss
Agreed. Which is why I shined him on.
When I'd do anything over 3k I'd get an email from audit wanting any extra info I could provide. What were they doing with the money if it was a withdrawal and where did the money come from if it was a deposit. I'm attractive and charming so I could get the info out of men by flirting and just acting interested in them. They thought I was making conversation and maybe even hitting on them. If another teller felt uncomfortable asking they'd come to me to charm the info out of them. They praised me for being slick. After my awakening I stopped doing it. I'd lie and say they sold a car or was purchasing a boat. They would try to scare us and tell us if we advised people on how to avoid the reporting then we could be fined and even go to prison. Needless to say I'm no longer in banking. It's a shame bc I was damn good at my job but it got to the point I felt physically ill pulling into the parking lot. I couldn't be apart of the machine any longer.
You mean apart from the machine or a part of the machine?
$10K probably means $9900 or so, rounded up.
Could be. They didn't ask me to fill anything out, so I felt comfortable with the amount. Little by little, I've built up a bit of a stash in my safe.
I had $50k but over the last two years we have had to live on that due to a medical and household emergencies. Like installing a wood burner and installing a new septic system.
Anything over $10k has to be reported. It’s up to the teller to file a CTR (currency transaction report) and they are required by law to do that. I used to be a teller and I hated doing those but I couldn’t hand the cash over until the CTR was done. That’s for any cash transaction over $10k, deposit or withdrawal. We were also trained to ask questions if we felt like something suspicious was going on and we could file a suspicious activity report if anything seemed fishy like a drug dealer or something. Don’t get mad at the teller, that’s just what their told to do to keep their job. Get mad at the system.