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Anyone use cash anymore on large purchases? We recently had to buy a new heat pump hand got a 3% discount. Use to get 10%+ off of purchases but now the banks are limiting cash deposits and withdrawals without filling out extra paperwork. The government seems to keep pecking away at our freedom one way or another.

Transactions involving $10k cash or more have mandatory reporting requirements.

For decades now. It ain't recent.

Correct... I think it started circa '86-'87.. I had to fill out a report or two when a customer came in and bought a car via cash if it was over $10K... ...

This is a good video on CBDC (Central Bank Digital Currencies).

Absolutely oppose mandatory Digital Currencies. They are genuinely in the works.


https://www.bitchute.com/video/_gC0XSpyFZo/

Ive done several cash transactions for over 10K in the last few years and my bank hasn't asked me to do anything. I guess they are doing it, but I had to do nothing.

Transactions were seemless.

Just put $5k down on a truck in hundreds.
Acted liked they've never seen cash.

Your bank is filling out IRS Form 8300 for you. That has been a requirement for all cash transactions $10k or above longer than I’ve been alive.

That is the same one non-bank businesses use. We are supposed to report any single cash transaction or related ones (ie someone pays an invoice in 2 installments of $5k cash) over $10k. We do ours without the customer even knowing.

I got half my roof replaced, paid cash. Under 10k though.

Never realized you were still a pup! Mid to late 80's, the reporting was started. If my memory serves me well! Prior to that we were free to spend without government over reach!

The last 2 used Toyotas I bought, paid 14,000 ish cash for each, happy sellers, happy buyers.
Ok, cash works now, but in a hypothetical, let's say 20 yrs down the road, cash becomes illegal (yes, it was done with gold by the stroke of a pen in 1933). Monetary exchange becomes, by law, digital. What do you guys think will be the most portable, convenient, stable form of black market currency? Let's face it, trying to trade a gold coin for a sack of spuds is problematic to say the least. How do get your change? Silver is only slightly better. Cigarettes were popular in post war Europe, but who the hell with a brain smokes nowdays? Booze, coffee(shelf life problems), .22 shells? What would be univerally accepted?

I have made several large deposits and withdrawals and never had a problem .

I sold a truck last month and a guy gave me all onehundred dollar bills 10K.

I did deposit a large check and they said the funds wouldnt be available for several days .

This is probably because I have used the same bank for 30 years .

you might not see it, but cash in or out of the bank in amounts over $10K are reported

I had 3000 reported. If I deposit 3000 + cash it is reported.

I'd switch banks.

That is not a federal requirement.

Your bank doing that is like your little brother tattling on you when you haven't done anything. No way I would trust a bank like that with my $$.

Dont get stopped by the cops on your way to spend it. They might confiscate it as 'drug money'.

Yep there’s a war against cash. It was purportedly to stop drug dealers. You can see it’s worked like a charm 🤦🏼‍♂️

How was it reported and to who?

If you deposited $3k a day your bank would fill out IRS form 8300 on the fourth day, since you exceeded $10k in what look like “related” deposits.

They’d probably it also fill out a Suspicious Activity Report and send it to the Treasury.

brass, bullets and powder will be like gold in the future...........

I believe it was intended for drug dealers.
Back when it started, few normal cars would cost over $10k.

Today, that's nothing. Almost.

Now, it's money trail. E$ is prevalent, and they love it. The $10k thing
gives them a tracker on those who don't follow the program.

And don't think that $9990 Is under the radar.
Those are looked at as intentionally under the reporting
requirement. Do several of those, and you get more attention than if you
did several over.


You can be pretty certain that if you move thousands through a non business
account, with any frequency, you have attracted attention.

I often wonder if cashing paychecks without making any deposits is
something that gets looked at. I'm sure, if nothing else, the tellers notice.

why deposit cash anyway? Bank pays little to no interest on your money. If you want to use it to pay a bill just get a money order or cashier's check.