90 percent of U.S. bills carry traces of cocaine (2009)

Post by [deleted] » Sun, Mar 13, 2016, 10:05 PM UTC

ianhawes wrote: post #27

justinjlynn wrote: post #24

Earlier quoted context omitted.

Well, let's see... Living in San Francisco. If you paid for rent, groceries, and every thing in cash you could easily require 4k per month. That just so happens to be slightly below reporting amount. Do this enough and you'll be suspected of structuring your withdrawals to avoid the 5k withdrawal reporting threshold. I know the plural of anecdote is not data but it has been my experience that if you try to use cash f…

The withdrawal reporting threshold is actually $10K. In my experience, banks typically won't prevent you from withdrawing over $10K either, though they do file a report. The report is just another datapoint though, and not evidence of a crime. If I had to guess, you probably just irritated someone because of your withdrawal size combined with the fact that most banks do not hold more than $15-$20K in cash.

Post by jdblair » Mon, Mar 14, 2016, 5:31 AM UTC

justinjlynn wrote: post #24

jdblair wrote: post #21

Earlier quoted context omitted.

I really don't understand this. What's a reasonable amount? I withdrew $2500 in cash from my bank last week. No questions other than "how would you like that?" and "would you like an envelope?"

Well, let's see... Living in San Francisco. If you paid for rent, groceries, and every thing in cash you could easily require 4k per month. That just so happens to be slightly below reporting amount. Do this enough and you'll be suspected of structuring your withdrawals to avoid the 5k withdrawal reporting threshold. I know the plural of anecdote is not data but it has been my experience that if you try to use cash f…