It's my money, who cares what it's for!
- Thread starter Anthony
- Start date
None of this is designed to stop you from doing anything illegal. As somebody else said, it's to stop dumbasses from pulling out tons of cash to pay to the nice gentlemen who knocked on the door, told me they saw problems with my roof and offered to fix it today if I could pay them in cash right now...
We don't have that issue here.... Or at least nowhere I have lived...but again is it really any of the banks business? I would feel my privacy is being invaded for sure.
I appreciate the "intent" of the banks in this situation. And, if that's the case, they can hand out a little flier with any >$1,000 withdrawal outlining the latest and greatest scams, schemes, and Nigerian swindles.
However, something that's happening more and more, and pissing me off beyond words, is when someone else attempts to force ME to allow THEM to make highly personal decisions FOR me -- whether it concerns who I want to give MY hard-earned shekels to, what healthcare to use, what purchases I can make, how much of my own money I can take out of the bank, whether or not I have to wear a seat-belt, a helmet, what kind of light bulb I can use, or car I drive, how big a bag of fries, or cup of pop I can buy, what my kid can eat for lunch in school, on and on and on...
And, it's always prefaced with: "this is in your own best interests..."
And, you know the irony... If you take a close, hard, look at those people making those decisions FOR you, they're about as well-intentioned, and pure as a pile of black slush covered dog-sh!t...
...
(now you wanna hear how I *really* feel...?)
Maybe I missed it - what was the money for?
FastFreddy
New Member
I think its wrong to ask what the money's for, especially for small amounts like that.
I think legally its for amounts over $10K in Australia, but we get asked for any "large" amount.
Where do you have a cutoff point for asking the question ? Why did the gov decide to lower the amount for that question being asked ?
Here's a funny look at servicing debt :
[ame=http://www.youtube.com/watch?v=dAxIiG_ugRw]Clarke and Dawe - How To Run a Country. Episode 429. - YouTube[/ame]
and debt crisis :
[ame=http://www.youtube.com/watch?v=I5QwKEwo4Bc]Clarke and Dawe - European Debt Crisis - YouTube[/ame]
ps. you don't want to know the answer.
I think legally its for amounts over $10K in Australia, but we get asked for any "large" amount.
Where do you have a cutoff point for asking the question ? Why did the gov decide to lower the amount for that question being asked ?
Here's a funny look at servicing debt :
[ame=http://www.youtube.com/watch?v=dAxIiG_ugRw]Clarke and Dawe - How To Run a Country. Episode 429. - YouTube[/ame]
and debt crisis :
[ame=http://www.youtube.com/watch?v=I5QwKEwo4Bc]Clarke and Dawe - European Debt Crisis - YouTube[/ame]
ps. you don't want to know the answer.
big...its fixed
I'm actually white, not that it matters
2013 Fz6r satin
New Member
We might need pics...just sayin!!
We might need pics...just sayin!!
So, I'm not Mistah T from the A-Team, where did the name come from? My last name is Tilkens, and I teach K-5 elementary school music. My very first year teaching, a young ESOL student drew me a picture and wrote me a note. He wrote it to "Mistah T," trying to spell "mister." It's been most of my screen names ever since.
linkgt
Member
Welcome to the new America. Enjoy your stay.It is now confirmed, I am living in the twilight zone.
I go to my bank today(MAJOR BANK)to pull out some cash. How much cash? A little over a G. I wait it line, go up to the teller, hand her my slip & she says:
"Ok, now what is this being used for?" I thought it was some sort of joke until I see that she is looking at me with her hands over her keyboard waiting to actually type in my response... I basically ask wtf where she tells me that it is now bank policy to ask any customer who withdraws over 200.00 what purpose the withdraw is for. I think she's full of it so demand to talk with a manager who confirms her comments. He says it's for "safety & security".
I tell them that's it's none of their business & that they are invading my privacy. I demand my cash, remind them that they didn't ask me any questions when they took my money on deposit. They gave me my cash but insisted that is now the banks policy to which I let them know they were acting like fascist nazi's. I wasn't quiet about it either.
WTF is going on around here!?!?!
Thought I just said that...
Yep... it's down from a surge of about $49.50 or something around there in 2011.
However, the difference is, regardless of governments coming and going, currencies changing, merging, disappearing... silver (and gold) will always have value... You'll never find yourself papering your wall with it, like the German mark in the 20's.
Problem is... the U.S. is following the same pattern as Germany, just in a more elongated chronology...
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Pinarello Rider
New Member
My bank didn't bat an eyelash when I pulled 5k out to pay for the Fz6r. OP - your bank was poor in communicating with you. Should have asked if you'd like to record a reason note or something like that.
There is no government requirement for asking a reason, and the government has not changed the reporting requirement which is still at $10K. This is purely a bank policy.
This is the government requirement:
For businesses doing transactions in cash for more than $10K:
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/FAQs-Regarding-Reporting-Cash-Payments-of-Over-$10,000-(Form-8300)
For banks and other financial institutions, which report all transactions above $10K:
http://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_017.htm
Both are requirements that have been in place since the Bank Secrecy Act of 1970, and the rules were updated in the Patriot Act (2001). Neither of these requirements are new, and neither require any party to provide a reason for the transaction. You can download the IRS form 8300 and FinCen 104 and see them yourself. It's not even an optional field on any government reporting.
There's no legal requirement at $1K. None at all. Not for the bank nor for the person who receives the cash.
AMEN BROTHER! to all that, especially the illegal spying by the NSA. Every single one of our rights can be taken away under the threat of "national security" which is whatever they want it to be this week. Anyway im curious about that bank, I would have told them to pound sand too. Exactly what do they think that's going to solve?? if your in there to take out a 1000 to fund terrorists as suggested do you really think that's what your going to tell them? Oh im using it to fund a car bombing? or im using it to score a big load of coke? I think they are overestimating the honesty of people. I would have made some shit up to try and make them uncomfortable. Im using it for a kangaroo fetus experiment, or tell them your making a porn and ask if they want to be in it, Or tell them your going to flush it down the toilet or give it to the bum sitting outside the bank lol
Living in LA, my answer would be "big weekend in Vegas." In actuality, I hate Vegas, don't gamble and the only time I'm ever there is driving through to Southern Utah. But let 'em wonder.
Saying you're making porn in my neighborhood would not surprise anybody.
Pinarello Rider
New Member
Umm, perhaps you should read the thread - your questions were answered previously in a few different ways.
Some of you guys are cracking me up... a bank trying to protect you and your money by offering advice has turned into screening you for funding terrorists.... if people weren't so stupid and knew how to manage their finances...perhaps things would be different. Crazy ridiculous conspiracy and ignorant people brew some pretty silly things. You wouldn't believe some of the things people who work in the banking industry have to put up with. Put down your foil hats for a moment and think about it from a positive perspective... that is all
I am going to turn away from this thread before I come across any more rediculous notions. Y'all have fun though...and remember, you find what you're looking for in life.
I am going to turn away from this thread before I come across any more rediculous notions. Y'all have fun though...and remember, you find what you're looking for in life.
FastFreddy
New Member
I reckon a lead lined hat would work better.
None of your f#@King business, would be my answer if I was taking MY money out. I have not done business with any banks,Major ones being the worst, in years. I deal with Credit Unions and there are many advantages to them. Too many for me to list, but most impotent to me is good service and I mean excellent service. Those sob banks make up so many rules they can't even keep all their lies straight. Hate them!