With everyone talking about bank runs and fractional reserve banking lately I decided to take all of my savings out of the bank today.
It wasn't 100k but it was a 5 digit amount. The bank tellers were very reluctant to give me MY own money. I had to show my ID to two different people. They asked me at least 3 times why I wanted to take my money out. At first I said none of your business but they kept asking. Eventually I told them I wanted to take a bath in it and take a selfie for Facebook and they just had to accept it. It was like trying to squeeze blood from a stone though, something felt very wrong.
Has anyone else taken out cash, and did the bank employees give you any grief??
This Currency Transaction Report (CTR) should NOT be filed for suspicious transactions involving $10,000 or less in currency OR to note that a transaction of more than $10,000 is suspicious. Any suspicious or unusual activity should be reported by a financial institution in the manner prescribed by its appropriate federal regulator or BSA examiner. (See the instructions for Item 37). If a transaction is suspicious and in excess of $10,000 in currency, then both a CTR and the appropriate Suspicious Activity Report form must be filed.
You do know once you have all that cash and are driving home and happen to get pulled over by the police they can seize all of that money and say it is from drugs. It will be up to you to prove in court and pay for a lawyer that the money was not from drugs. Similar to civil asset forfeiture >America, land of the free
Dominic Ross
FUCKING LOL you madman party the fuck on. How about buying some gold? Actual hunks of gold? In case dollars become worthless?
Anyhoo have fun rolling in your stacks of hundos you glorious fucking lunatic
This, also no bump. Keep enough in the bank to look legitimate everything else goes in the safe, less 10% to church/charity because I'm not a Godless asshole.
Ryder Powell
>but they kept asking
If they dont trust you then you shouldn't trust them aka the banks.
Honestly, being that I like to see the best in people, they might have been worried someone was blackmailing you/someone had been kidnapped, as it's very rare to need that much cash to hand in this day and age. It's usually either for pay off criminals (some thug has a family member at gunpoint waiting somewhere nearby) or to commit some sort of crime/tax evasion (such as giving it to a relative due to a terminal illness, as they could easily turn it into precious metals and liquidate it slowly over decades for cash, and no one could prove a thing). I would expect a visit from the tax man soon, user.
Personally I do have some savings, but not enough that I would worry about all this "we'll crash the banks" stuff, even if I felt they had a chance of pulling it off. In the event of it starting to go down I'd just 'buy' some bullion bars from the mint digitally before things really got bad. Most of my savings are invested and I keep a few weeks worth of cash to hand along with some family jewelery. So I'm less than concerned.
Anthony Perez
I think about gold a lot. Silver seems more practical in terms of bartering in an emergency situation tho. It's all about diversifying the portfolio.
They lend on the basis of loan:held capital being 10:1. So you taking 5 figures out in cash deprives them of 6 figures worth of loans they can make. Guarantee they also filed a Suspicious Activity Report (SAR) on account of the size of the cash transaction.
Lucas Turner
Imo it's primarily to locate tax dodgers. Can't drop that 100k of cocaine money or cash business money in the bank. Structuring to avoid reports is a crime too.
Elijah Reed
Who's at the other end of that Suspicious Activity Report? Oh yeah the IRS is shut down and might be for years.
Hahaha, no. It's the OCC, office of the comptroller of currency....treasury department... secret service type shit.
Hunter Robinson
And I forgot, also FinCEN
Robert Collins
I don’t even have bank account just like my father. If we want to buy something on the internet we ask my mother. I pay for almost everything via cash and never had any issues.
Jason Jackson
Wtf when did this PATRIOT Act draconian surveillance shit start?
>>barclays Prove you're not just some eurocuck yellow vest trying to get Americans to go along with the bank run
Brayden Harris
Long time man. Money is important to fedgov. Treasury gets combined Intel from like 26 agencies. They're at the top.
Nicholas Barnes
I've just starting saving this year so my money is still in a lock-in period. I think I'm just going to sit back and watch this one. If I lose all money at least I'll have more reason to fight back
Landon Reed
I don't live in the States.
I don't have ANY debt.
I have a substantial amount of savings and I own real estate in two countries, neither of which is the States.
Tellers are used to dealing with poor people. Poor people plus lots of cash means something illegal. I move millions around all the time via wire and ACH transfers and nobody give me any problem, but I get grief trying to deposit a $100K check made out to me into my account if I try to do it at a teller's window. They always call a manager.
Mason Hall
Because people who actually have money don't do this.
Brandon Hill
Why the fuck would I buy LIBERTY BELL silver if I was a eurocuck?
I closed an account with a major bank a few years ago. Took out 73K and got the same reaction. The only difference is I told them I was moving it all to a credit union and they spent the better part of 3 hours trying to convince me not to do it. > Watching bank employees start using timeshare sales tactics. > Demanding it all in 5 dollar bills after they hassled me.
Jayden Hernandez
Can't wait to hang dumbasses like you who dragged the economy down by falling prey to obvious shams. You don't deserve shit.
Jaxon Smith
>having a tv whew
Luis Flores
I use to work at a bank. Rule #1 was never let a customer close their account. Especially savings. We had to get the branch manager or supervisor on duty and they would do all it takes to keep the money in the bank. Without it they crumble. Don’t let anyone let you think otherwise. They loan your money to others and make money off of it.
Ryder Perry
People don't pay cash like that son. "Cash" is a cashiers check or bank draft. It's a red flag when you take a large sum of money out of circulation and into tangable money. A bank transfer is one thing but to try and walk away with that much cash is stupid.
Buy gold and precious metals.
Brayden Foster
>3 hrs jfc, it's not their decision to make
Ryan Foster
>has a bunch of paper >govt still has metals, assets, ect
Daniel Baker
One would think...
Jackson Diaz
What evil kike sorcery is this? Are you serious? This Hyksos CIA Nigger circus act needs to end
Chase Cruz
>Why is it suspicious if I want to take out the money that I've earned?
Oy vey, we... you, you can't earn interest if its not in our banks goyim!
Kayden Sanchez
Sure. Your savings produces a minuscule interest rate that they give you after they charge someone else some crazy 11% interest rate and rake it in for they money they used of yours to loan someone else. If they don’t have your money they are screwed. That’s why they are “insured” by the fed. Jewcanomics.
Thomas Cruz
I took out a large amount once. They kept asking me too and tried to talk me out of it but I persisted. I stuffed it in my pocket and walked out. Just after I left and was walking down the street, some big tough thug looking bald cunt crossed a double 3 lane road and was walking straight at me. I clutched my cash and got ready to sprint off. Almost shit my pants, thought I was going to get mugged
Ian Kelly
What kind of autist pulls $73k in cash to wheelbarrow down to a credit union? Why not just EFT that shit?
Oh yeah because LARP
Isaac Collins
Never took it to a CU. Just wanted to see what they'd do. Sorry your a poor fag.
Justin Jackson
They loan 10:1 on held capital. This means withdrawing 5,000 means it's 50,000 less that the bank is permitted to loan out.
Tyler Brown
I had this issue 5 years back. I withdrew $33,575.59 of my money out, because I simply did not like the bank's policies. They thought I was up to no good. But then they gave me my money. I told them to go suck a nigger dick and left. I used that money to buy guns, a car and use the rest to move 1200 miles away. Been happy and instead of putting a red cent in the bank. I just keep most of my money in a safe.
Xavier Edwards
Where do you live user? asking for a few friends..
Jonathan Scott
What's your point? The dollar isn't even backed by any of that, it's backed by the GDP.
The point is that they can't loan out an exponential amount of money based off of what I have in my savings account now. I'll keep my savings in a safe at home.
You're going to be audited btw. They're reluctant because they only have so much physical cash on hand. If you withdraw a lot from a demand deposit account it eats into their reserve. And they legally must give it to you quickly. Kind of funny to watch this all play out though because this is exactly how bank runs happen. People get scared and they take out their money. It scares others and they follow suit.
Jack Hill
They don't really loan out savings. They need to keep the value of it in cash at the bank. Checking is different.
Colton Allen
In an emergency scenario you'd probably only be bartering with things that aren't so high in value. I'd only need a few of those bars to go buy some toilet paper and alcohol. No one can give change for a gold coin.
>Has anyone else taken out cash, and did the bank employees give you any grief??
Yes, they always will give you grief when you take out large amounts. Avg banks usually don't have more than 60k in cash in them at one time.
Alexander Phillips
>No one can give change for a gold coin. you can cut it in half with a hammer and chisel and weight it afterwords. Gold is easily divisible
Robert Roberts
Ehh it was all in checking anyway from direct deposit surplus dough after bills are paid and through spending reduction via deferred gratification. It's money that I've earned and saved.
Regardless, if I can't hold it I don't own it henceforth. So no more cash in the bank other than what goes toward bills. The only exception is having a stake in crypto.
Tried to take our 38k to buy a car and Wells Fargo told me no. I had called ahead so they had the cash but the manager came out and said no. So I had them close my checking and savings and took everything out. Fuck dumb banks man. Protip:Go find a small credit union.
Camden Sullivan
look at all you jews obsessed with money in this thread
You fucking retard, the "something" that "felt wrong" was you failing to understand how banks work. You seem to think they keep "your" dollars on file in a tray somewhere.
There are not that many paper dollars in existence, not nearly enough for everyone to convert their bank debt into bills. You are being an asshole by taking a very large share of the bills for no reason when we all have to use those bills.
David Wilson
Imagine being such a lowlife negro mutt that you literally pull all of your cash from your own bank, triggering a suspicion activity check, just to take some photos and post 'em on Jow Forums while shitposting about the kikes. Jesus fucking christ.
>You are being an asshole by taking a very large share of the bills for no reason when we all have to use those bills. lol
Zachary Lee
They wanted to make sure your retarded ass wasn't being scammed. They have to ask because if they don't, some faggot like you will sue them later
Daniel Lee
>there are not that many paper dollars Then maybe there should be so that we wont have to rely on a system where everyone owes each other money so that there is now "more" money.
Kayden Mitchell
And neither are you, lol
Hudson Evans
>They loan 10:1 on held capital.
Why not more? Why not loan out 10,000:1 on held capital?
Why the 10:1 rule? I dont think there are any rules in the banking game anymore. Only rules are for the peasants.
Jordan Gray
>10% to church/charity because I'm not a Godless asshole
You're a naive idiot giving money to a church.
Blake Bailey
Whoever bought those paid a premium for silver to get it in pressed bars so they could keep them and jack off to their apocalyptic fantasy future. It's the Jow Forums equivalent of buying a lottery ticket
Nathan Clark
It's more about money laundering than tax evasion, but yeah
