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Joined: Dec 2007
Posts: 929
Campfire Regular
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Campfire Regular
Joined: Dec 2007
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Neither withdrawing ten grand nor structuring withdrawls to avoid scrutiny is illegal although the banks act like it is. Didn't say it was illegal, just that the bank was required to report it.
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Joined: Nov 2005
Posts: 54,284
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2005
Posts: 54,284 |
Neither withdrawing ten grand nor structuring withdrawls to avoid scrutiny is illegal although the banks act like it is. Didn't say it was illegal, just that the bank was required to report it. Yes but, the banks are always acting like it's some big deal. Why would anybody care? Even folks who are doing illegal stuff are under no obligation to tell the government any of their business. Most people aren't doing anything illegal either.
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Joined: Jun 2002
Posts: 131,960 Likes: 54
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,960 Likes: 54 |
Neither withdrawing ten grand nor structuring withdrawls to avoid scrutiny is illegal although the banks act like it is. Didn't say it was illegal, just that the bank was required to report it. Yes but, the banks are always acting like it's some big deal. Why would anybody care? Even folks who are doing illegal stuff are under no obligation to tell the government any of their business. Most people aren't doing anything illegal either. Sort of in the same category as having to fill out a form to get nasal decongestants.
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Joined: May 2002
Posts: 10,651 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: May 2002
Posts: 10,651 Likes: 4 |
I don't know what recent anti-terrorism laws require, but if my memory serves me the requirement of reporting cash transactions over $10K has been around since at least the 1960s.
Paul
Stupidity has its way, while its cousin, evil, runs rampant.
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Joined: Apr 2010
Posts: 14,747 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Apr 2010
Posts: 14,747 Likes: 4 |
It's completely plausible to me that it was a result of the War on Drugs, and since I was fed the Patriot Act line by a bank teller, I really didn't know. I don't consider them the most informed resource on such matters. I was just hoping you might know the facts and could educate me on the matter. I didn't mean to imply that you made any claim one way or another. Just curious was all.  If you have $1,000,000 or so assets....no problem at all!!
Even birds know not to land downwind!
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
Last time I tried my bank limited me to $2k and I needed more to cover a foreign hunt. But the teller told me that was per branch so I ended up driving around town. Ten grand is a big wade of cash. 10k ain't squat. Screw banks. All of them. I hear ya !
Jed York does not own the 49ers; Russell Wilson does.
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
Last week I needed to get 10k out of Chase Bank, they look at you like you're crazy (debatable) All sorts of delays, then about 25 minutes later I get it.  It's never a problem or delay when I deposit a large sum...rant off Just give me my money NOW DAMNIT! I hate banks. Come now. You perfectly know the answer to this. The banking establishment, and therefore the government, too (as they are largely merged nowadays, and can be jointly identified under the term "The State"), has a good deal of interest in moving us towards a cashless society. When cash is commonly used, folks can maintain a certain degree of privacy from the state regarding their daily transactions, and the state doesn't like privacy. It's suspicious of it, since it considers you to be its property, and it wants to be able to track everything you do regarding money, since they consider you to be only a temporary holder of it, it ( the state) being the actual owners of it and you. It doesn't trust you with its money. It wants to keep track of it at all times, to make sure it doesn't ultimately escape their grasp. So it wants to make you feel like a criminal suspect whenever you wish to possess money in the form of cash, since it plans to soon make that impossible, and it doesn't want you being dispositionally inclined to buck its progress towards this goal. Spot on....damn this is really scary stuff....just more control every day, piece by piece.
Jed York does not own the 49ers; Russell Wilson does.
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Joined: Oct 2003
Posts: 1,390
Campfire Regular
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Campfire Regular
Joined: Oct 2003
Posts: 1,390 |
Tell Chase to kiss your ass and move everything to BECU. You can thank me later.
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
Funny you say that...going in to BECU on Thursday!
Jed York does not own the 49ers; Russell Wilson does.
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Joined: Nov 2007
Posts: 19,722
Campfire Ranger
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Campfire Ranger
Joined: Nov 2007
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Last week I needed to get 10k out of Chase Bank, they look at you like you're crazy (debatable) All sorts of delays, then about 25 minutes later I get it. It's never a problem or delay when I deposit a large sum...rant off Just give me my money NOW DAMNIT! I hate banks. Move your money to a credit union. Empty the account they will give you [bleep] that's when you tell them this is why I'm moving my money. If the clerk persists tell them you want to take to the President of the bank now.
NRA Lifetime Member
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Joined: Oct 2003
Posts: 1,390
Campfire Regular
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Campfire Regular
Joined: Oct 2003
Posts: 1,390 |
You'll wonder why you didn't do it years ago.
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
Jed York does not own the 49ers; Russell Wilson does.
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Joined: Jun 2002
Posts: 131,960 Likes: 54
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,960 Likes: 54 |
Why is a credit union better than a bank. I'm not up on this. Thanks.
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
Not sure....would like to hear from People who know why.
Jed York does not own the 49ers; Russell Wilson does.
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Joined: Jun 2002
Posts: 131,960 Likes: 54
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,960 Likes: 54 |
Not sure....would like to hear from People who know why. Been researching it a little in the past few minutes. Looks like if you have your money there you are considered a co-owner of the Credit Union with everyone else who has money there. It differs from a bank by not seeking to profit off you, since you are one of the owners. It makes no profit at all, in fact, unlike banks which make huge profits. It's akin to a bunch of people getting together and setting up a service for their own exclusive use, rather than for the purpose of making a profit off of customers.
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Joined: Aug 2009
Posts: 14,742
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2009
Posts: 14,742 |
Not much to not like there.
Jed York does not own the 49ers; Russell Wilson does.
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Joined: Dec 2003
Posts: 86,333 Likes: 32
Campfire Oracle
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Campfire Oracle
Joined: Dec 2003
Posts: 86,333 Likes: 32 |
Last week I needed to get 10k out of Chase Bank, they look at you like you're crazy (debatable) All sorts of delays, then about 25 minutes later I get it. It's never a problem or delay when I deposit a large sum...rant off Just give me my money NOW DAMNIT! I hate banks. So, you were filling your gas tank and buying .22 shells on the same day?! THIS!!!
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Joined: Jul 2006
Posts: 62,043
Campfire Kahuna
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Campfire Kahuna
Joined: Jul 2006
Posts: 62,043 |
Why is a credit union better than a bank. I'm not up on this. Thanks. ================== Go frikken figure.
The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.
William Arthur Ward
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Joined: Jul 2009
Posts: 14,076
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2009
Posts: 14,076 |
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