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Started By
Message
re: Is there a way to make a large cash withdrawal?
Posted on 3/12/16 at 8:24 pm to rattlebucket
Posted on 3/12/16 at 8:24 pm to rattlebucket
quote:
Take out $9,999 and then a seperate amount and you'll be fine.
That's called structuring and can land you in federal pound you in the arse prison.
Read the Wikipedia entry on currency transaction report.
2
Posted on 3/12/16 at 8:26 pm to Twenty 49
quote:
Twenty 49
Someones sarcasm meter is broken.
Aced that teller exam I see, however.
Posted on 3/12/16 at 10:28 pm to Twenty 49
quote:
That's called structuring and can land you in federal pound you in the arse prison.
It'll only land you in prison if you're using the money for illicit purposes. If you're using the money for legit purposes, you're fine. The teller will just ask you what you're using the money for. They may file a suspicious activity report on you. If it's OVER $10K they're required to file a currency transaction report on you. But NEITHER of those reports means you're going to prison.
It is NOT against the law to withdraw any amount of cash from your account...as long as that withdrawal isn't tied to criminal activity.
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