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GAVEMartin's avatar

Alert! I wrote a check for cash a few months ago. The bank said that over a certain amount they are required to ask what I intend to use it for. The teller was embarrassed and provided me with a "potential use." I guess we have moved from "friendly banker" to "nosey banker."

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The Crimson Ghost's avatar

They did that to me a few yrs ago when I pulled out 20k just to keep at home ... and I had to go to 2 different branches as neither had the 20k on hand. I told them it was "for a trip to Vegas to do hookers and blow"

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GAVEMartin's avatar

lol Good One!

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Sedgwick C. Hartung's avatar

+1 I like your style!

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Kathy Christian's avatar

That was installed a long time ago in the war on drugs. They have to insure that you're not withdrawing money to buy coke. Allowing fentanyl into the country via the southern border is altogether different, however.

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GAVEMartin's avatar

Typically the distributors are pursued, not the end users. Unless, perhaps I was being followed out of the bank...how boring for "them."

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GAVEMartin's avatar

I know about that limit. It was $10k in cash being Deposited into a bank. This check was not near $10k and I don't think they were inquiring as to whether I was off to buy drugs with cash coming Out of my account. (Are there really people that stupid that would tell a bank they are off to buy drugs? We might as well give up then!)

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Alzaebo's avatar

It's now much lower. $2000 was the 'recommended' limit about 10 years ago, but nervous banks, to cover their behinds, report just about everybody.

Please be careful. I had a friend years ago who bought and sold boats and trucks in cash; some crumb he nodded to at a party, hoping to avoid a probate violation, snitched to the cops that 'this guy over here' had loads of cash, and the next week he had DEA smashing the sheetrock with sledgehammers in his house, looking for loot. (They took all the boats and trucks, too.) Went to prison for four years because the DA, looking right at him, swept his account books and floppys into the trashcan and said, "there's your f***ing evidence," despite his secretary and CPA's affadavits. Asset confiscation has become the #1 source of funding for cash-strapped budgets, since blacks and probationers don't pay the endless fines, warrants, and fees the local judges lay on them.

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Oct 21
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Alzaebo's avatar

Jacinda, your adrenochrome dealer is calling.

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GAVEMartin's avatar

You might want to think a bit more deeply about that one. Maybe a trip to Cuba might be enlightening. Or perhaps a study on current events regarding Wells Fargo.

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