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Me too.I’m the long lost love child you fathered all those years ago. Aren’t you going to leave me anything daddy?
Me too.I’m the long lost love child you fathered all those years ago. Aren’t you going to leave me anything daddy?
If it's over 10 grand just declare it. It could be 10 million... just declare it and you've done your part.A little off topic, but anyone have experience going through TSA at the airport with a large amount of cash? Going to Carlisle, plan to buy alot of parts.
That is what is called structuring which is mentioned earlier in this thread. If multiple withdrawals that are under the reporting threshold are made in close proximity to each other, the bank will report it. You may as well withdraw it all at once and save the time and fuel.
Investigated by who ? Withdrawing your own money is Not a crime ? Just like what you want to do with it, is No One's business, but your own...Yep, ^^^ exactly what will get your investigated. Just prearrange to get what you need, even if it's 150 large. Go in, make them count it out, tell them you're off to an auction in the morning and need to be prepared.
You're missing the point. The government is watching where cash goes. Walk in, grab a LARGE amount and just tell them you're buying a car. Going in every couple of days and getting just a 100 bucks under the minimum reporting requirement just clicks their windows of someone aiding and abetting crime, or terrorists. Just the way it is..Investigated by who ? Withdrawing your own money is Not a crime ? Just like what you want to do with it, is No One's business, but your own...
Carrying a lot of cash today is a financial risk, especially at an airport where you consent to a search by the nature of boarding a plane.A little off topic, but anyone have experience going through TSA at the airport with a large amount of cash? Going to Carlisle, plan to buy alot of parts.
LOL Mark, it's actually just day to day money. I'm a dinosaur that can't use an ATM, I don't even have a debit card. I pay cash and always know what's left in my wallet. LIke the TV advert.. "What's in your wallet"..
Yep.. we can't even give a car dealership more than 2K cash now. Gone are the days that you could bring your buddy in to buy out your lease with a bag of cash! That said, I bought my '66 HP2 through a used car dealership so that we (and the actual seller) didn't have to do the pay tax on "appraised value ****" with the Service Ontario. That bag of cash will remain silent, will not speak it's opinion, does not exist.... lolEven a car dealership must report a cash transaction if over $10K.
Sounds like the Cayman to me...Surprised this hasn't been mentioned, decades back when I deposited large cash deposits (legit) over a certain threshold, the bank used to charge 1%? to count the deposit.
A properly executed will would provide for a 'remainder', which is anything not specifically deeded or bequeathed. That would cover your bank accounts, personal possessions, and anything not specifically mentioned elsewhere in the will.This thread got me to thinking what i need to do with my bank account in regards to what i need to do, before i conk out, and get planted in this planet Earth.
I'm a bachelor, live alone, no wife, or kids, no family.
So, what happens to my cash that i have in my bank account, when i die, and not around anymore?
Need to set something up with the bank, letting them know, and get it onto their records, who i would like to get my money, when the time comes, when i conk out.
Always something for this old man to think about.
I do have a will made out, who gets my car, gold, guns, but didn't think of my cash.
I could get hit by a bus tomorrow, or keep on living for another 7 to 10 years.
Who knows, i'm currently 71.
True, but understand it is a 'suspicious' activity report. Anything you do to make it look more suspicious increases your chance of repercussions, like withdrawing multiple amounts below the limit several times or refusing to give a reasonable explanation to the bank personnel. It just adds a negative to the report that will be made. 'Refused to explain - became agitated' instead of 'Buying a '65 Coronet'.Investigated by who ? Withdrawing your own money is Not a crime ? Just like what you want to do with it, is No One's business, but your own...
Thanks!If it's taking millions of dollars in bribes from China and Ukraine, then nobody.
Last time to use an ATM was probably 30 years ago and needed about 200 bucks on a weekend....and that dang thing dished out all 5's! That was my last time to use an ATM after having at least 6 people waiting behind me to use it. Screw that crap.LOL Mark, it's actually just day to day money. I'm a dinosaur that can't use an ATM, I don't even have a debit card. I pay cash and always know what's left in my wallet. LIke the TV advert.. "What's in your wallet"..
Yup....I understand.....but never had any problems with the CU asking me what I'm using the money for....Does everyone here understand Credit Unions involved in any cash transactions of other's money are subject to the same "suspicious Activity report" requirements as any bank of any size?
The only difference is how they on a case-by-case basis determine what is potentially "suspicious" that they can defend and avoid a possible fine of what is not "suspicious".
Credit Unions have no special exempt status.
Even a car dealership must report a cash transaction if over $10K.
Never had that problem either. Don't know who you are banking with but my banking here doesn't doo dat! Deposits or otherwise....Surprised this hasn't been mentioned, decades back when I deposited large cash deposits (legit) over a certain threshold, the bank used to charge 1%? to count the deposit.
But then I reside in So Florida.
Like I said a WAY back, get to know your tellers and managers. I have two tellers I've had for 35 years.. gonna suck when they retire, but I've been "training" the next ones.
So is/are Wells Fargo...This isn’t Bank of America by chance is it? My wife has been trustee/executor on an estate where they held the estate funds. They are absolutely terrible.
Dave, I can help with that problem once you arrive!!A little off topic, but anyone have experience going through TSA at the airport with a large amount of cash? Going to Carlisle, plan to buy alot of parts.
Wayne.....your wife is a keeper. Do not ever let her go.Do I need to send my Wife down for you? She's closed at least 3 banks in town in the past 35 years. Piss her off, she makes a real scene, demands cash.. makes them count every last dollar out of the vault to close her accounts and then they lock the door until Fargo or Loomis can bring them more money in the next few days to reopen!