Home Forums Hunting & Shooting Hunter's Campfire You know all that cash in your safe....

I cashed a check at a bank one time and kept the cash on me for a few days in case I needed it. I didn't spend any of it so I decided to deposit it into an account at another bank. One of the $20 bills was counterfeit so they wouldn't deposit it into my account. I asked for it back but all they would give me was a photo copy. I took the photo copy to the first bank and explained to them what had happened and they just about laughed me out of there.

About as much as I know about banking.
For you ballers with safes and mattresses full of cash, it isn't all about cash. I tried to deposit a check for my mom with a deposit slip for $500. I couldn't so it because she wasn't there and I didn't have an account at that bank.

The dealer gets the stink eye too. You do a SAR and I think they do too which can trigger audits etc. Funny, it wasn't a big deal for Obama to use a pallet full of cash to help out his moose slim cousins. This is all because of the drug dealers. I think that's why the thousand dollar bill is out of circulation.

Remember when Carmela Soprano stole $40,000.00 of Tony's cash from the duck feed bins? She went right to four different brokerage houses and set up an account with each in her name in exactly $9,999.99.

Holy crap!

Just for accuracy's sake, I would clarify that the money that went to Iran was money that belonged to Iran, but was frozen by the US during the hostage crisis. Obama agreed to unfreeze it, but since Iran is blocked from doing business with regular banks, he couldn't just cut them a check for it. Cash was the only way the transaction could take place.

I really hope you don’t get your financial info from the sopranos.

That will get you in some really hot water.

The show was alluding to the limit of $10,00.00, over which financial institutions must report. I wasn't offering advice.

I had a saving account in one back I forgot about, it wasent active, well PA has this freaking law that after the first year with no activity the account comes dormant, second year of no activity it comes frozen, the 3rd year of no activity the PA goverment seized it. then comes the fun part trying to get YOUR money back, took me two years. and the bank never informed me that all this was going on and you would think with interest deposits it would keep it active

My currency says "This Note Is Legal Tender For All Debts, Public And Private."

Want to really get torked off, read about Civil Forfeiture. You are no longer assumed to be innocent until proven guilty.

Isn't that something?


Takes a real azzhole to come up with something like that.

Yeah but when you pay cash they don't get the kickbacks from the bank or finance company.

Oh, and if it's over $10K they have to report may not be correct. I needed to deposit some cash after selling my boat and the limit is $9,000. THat's what I was told at my credit union.
Paul B.

Coworker went to buy a new basic farm truck, cash.
Over 10 K barely, the law new (1999?)

Pissed him off, red flagged after family did biz there for decades.

Took biz (right or wrong) elsewhere.

Plenty of GOPers voted for, signed, and enforced these sorts of laws.

Once you realize that "GOP vs Dem" is just a show akin to the "Harlem Globetrotters vs Washington Generals," you'll be close:
1. Its a show.
2. Both sides get paid at the end of the day.
3. It is scripted and the outcome is known in advance.
4. Politicians are just (usually) fat and ugly actors/proxies for those making the real decisions.

Interestingly the drug lords are always a step ahead of the government. That's because the government is already bought and paid for in many cases. In the movie Sicario, They couldn't bust, the drug lords for laundering money through the bank. They borrowed the money from the bank and was running the payments through the bank, so there was no limit on the amount they were depositing as a payment. I'm not sure that's accurate as it's a movie, but wouldn't surprise me, if the government worked around the drug lords to make up rules that worked for them. This is all for show, so some cop that wants to give you a ticket can steal your money so it goes to the police department as part of their budget.

Yep.

Funny you should mention this. Last week I gave my son $5k to start a business. It had to be a certified check, he had to have 3 months of my checking account it came out of and I had to sign a form letter that it was a gift and repayment wasn't required to satisfy the small business loan he also got.

This is so the cartels can track each other, and know if there's a new player in town.

Banks are slippery MFers.

Years ago I accidentally overdrew on my checking account, but had overdraft protection with the bank. As soon as I realized what happened, I deposited a large sum of money to correct the situation. Months later I figured out that they were still regularly charging me interest on the overdraft. I went to the bank and asked them WTF was going on. They told me that just depositing money doesn't erase the overdraft if you have overdraft protection. The deficit remains no matter how much you put in there unless you specifically tell the bank that you want this newly deposited money to erase the overdraft.

Right, its very beneficial to electronically track how and where the people are spending their money. The chip in card was an improvement but more needs to be done.