roachman Posted January 18, 2016 Report Share Posted January 18, 2016 Banks are going to make it harder to withdraw large sums of money, this is going to hurt offshore gambling if they use checks. SARS report is usually done when someone withdraw 1000s. Since I own my own business, this won`t draw a red flag when I run offshore checks thru my accounts, the tellers and managers know me. Fk the gov`t, big brother is here.http://moneywise411.com/no-cash-banks-refusing-to-release-funds/?ppc=433514 Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted January 18, 2016 Report Share Posted January 18, 2016 Some Chase banks not allowing cash CC payments in excess of $500 come March 1st Quote Link to comment Share on other sites More sharing options...
Blue Posted January 19, 2016 Report Share Posted January 19, 2016 I did not read the above article but I feel like these types of things are always exaggerated. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted January 19, 2016 Report Share Posted January 19, 2016 Blue , they're not. USA right now a mirage Quote Link to comment Share on other sites More sharing options...
Big Bear Posted January 19, 2016 Report Share Posted January 19, 2016 bitcoin playa Quote Link to comment Share on other sites More sharing options...
spankie Posted January 19, 2016 Report Share Posted January 19, 2016 Good thing i'm broke. Quote Link to comment Share on other sites More sharing options...
wrigley Posted January 19, 2016 Report Share Posted January 19, 2016 the day may even come where banks charge you to hold your money http://www.businessinsider.com/in-the-future-you-may-have-to-pay-the-bank-to-hold-your-money-2013-11 Quote Link to comment Share on other sites More sharing options...
Big Bear Posted January 19, 2016 Report Share Posted January 19, 2016 Good thing i'm broke. spankie what happened? Quote Link to comment Share on other sites More sharing options...
spankie Posted January 19, 2016 Report Share Posted January 19, 2016 spankie what happened? I was born. Quote Link to comment Share on other sites More sharing options...
Blue Posted January 19, 2016 Report Share Posted January 19, 2016 Blue , they're not. USA right now a mirage huh Quote Link to comment Share on other sites More sharing options...
Dingo Posted January 19, 2016 Report Share Posted January 19, 2016 Banks are going to make it harder to withdraw large sums of money, this is going to hurt offshore gambling if they use checks. SARS report is usually done when someone withdraw 1000s. Since I own my own business, this won`t draw a red flag when I run offshore checks thru my accounts, the tellers and managers know me. Fk the gov`t, big brother is here.http://moneywise411.com/no-cash-banks-refusing-to-release-funds/?ppc=433514What do you do roach manIt's basically a cashless society nowAutomatic deposits and debit/checksI use to get 2-3 hundred a day about 10 years ago now lucky if I get that in a month Quote Link to comment Share on other sites More sharing options...
Guest ChrisHarvard Posted January 19, 2016 Report Share Posted January 19, 2016 This is why I use M/O with 5d. free deposits over 1k payout up to 9500, free once a month with 5d by M/O if this is your only deposit method. Cant stop that big brother. Boomshakalaka Quote Link to comment Share on other sites More sharing options...
Dark Raver Camper Posted January 19, 2016 Report Share Posted January 19, 2016 bitcoin playaLast week you asked someone what a bitcoin is. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted January 19, 2016 Report Share Posted January 19, 2016 LOL Quote Link to comment Share on other sites More sharing options...
plommer Posted January 19, 2016 Report Share Posted January 19, 2016 Banks are going to make it harder to withdraw large sums of money What do the banks consider "a large sum of money" ? Is it up to each bank to decide? Really should have no effect on anyone with a clue. There are ways around everything. Quote Link to comment Share on other sites More sharing options...
roachman Posted January 19, 2016 Author Report Share Posted January 19, 2016 What do you do roach manIt's basically a cashless society nowAutomatic deposits and debit/checksI use to get 2-3 hundred a day about 10 years ago now lucky if I get that in a month Dingo I use to get over 1k in cash a day, like you I am lucky to get 1k cash month, credit cards fk up cash biz Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted January 19, 2016 Report Share Posted January 19, 2016 What do the banks consider "a large sum of money" ? Is it up to each bank to decide? Really should have no effect on anyone with a clue. There are ways around everything.$5k required reporting Up to bank to report other "suspicious" activity. Including structuring which is breaking down smaller deposits to avoid the $5k reporting requirement. Quote Link to comment Share on other sites More sharing options...
Downsouth Posted January 19, 2016 Report Share Posted January 19, 2016 $5k required reporting Up to bank to report other "suspicious" activity. Including structuring which is breaking down smaller deposits to avoid the $5k reporting requirement. Has it recently changed to $5k, I knew they filed report with government for anything over 10k cash but thought it was there discretion when to fill out a SAR/suspicious activity report. Ive got a couple apartments occupied with Hispanics who often pay cash and Ive many times deposited over $6k and never been told of anything being filed. Quote Link to comment Share on other sites More sharing options...
Hangover Posted January 19, 2016 Report Share Posted January 19, 2016 Ive got a couple apartments occupied with Hispanics who often pay cash and Ive many times deposited over $6k and never been told of anything being filed. Stash houses? Quote Link to comment Share on other sites More sharing options...
Joe Blow Posted January 19, 2016 Report Share Posted January 19, 2016 $5k required reporting Up to bank to report other "suspicious" activity. Including structuring which is breaking down smaller deposits to avoid the $5k reporting requirement.What the fuck?? Making a lot of deposits is now considered "suspicious" Funny thing down south.I also own a 3 family house that i rent out to Hispanics that also pay cash.Every month i deposit $5500 cash. Maybe i need a notarized letter from my other bank acct showing that i also pay a $4000 a month mortgage on that house Quote Link to comment Share on other sites More sharing options...
Smoke Posted January 19, 2016 Report Share Posted January 19, 2016 If its gambling winnings just pay your taxes on it and it will NOT BE AN ISSUE Quote Link to comment Share on other sites More sharing options...
Downsouth Posted January 19, 2016 Report Share Posted January 19, 2016 What the fuck?? Making a lot of deposits is now considered "suspicious" Funny thing down south.I also own a 3 family house that i rent out to Hispanics that also pay cash.Every month i deposit $5500 cash. Maybe i need a notarized letter from my other bank acct showing that i also pay a $4000 a month mortgage on that house The Hispanics love to pay cash. I've been more sticking with the smaller community banks for past few years so hopefully this us just big bank issue. Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted January 19, 2016 Report Share Posted January 19, 2016 http://pro.bonnerandpartners.com/BBLFALLINGDOWN/6BBLRC00?h=true Quote Link to comment Share on other sites More sharing options...
plommer Posted January 19, 2016 Report Share Posted January 19, 2016 $5k required reporting Up to bank to report other "suspicious" activity. Including structuring which is breaking down smaller deposits to avoid the $5k reporting requirement.Ahh, got it. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted January 19, 2016 Report Share Posted January 19, 2016 Sorry it's actually still $10k for cash in or out. They lowered on money orders and travelers checks. I took $4k out for a trip and had to fill out the same CTR form as when taking out or depositing over $10k in cash. That said I was told they also track your cash transactions by week , month , year to look for suspicious activity. All this only relates to Wells Fargo. I bank there and have someone on the "inside" who has told me how things at least there work. Quote Link to comment Share on other sites More sharing options...
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