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If you were dealing with that kind of number, you should have required a wire transfer or a certified bank check. Either one is cash on the barrelhead.
The problem with the prostitute, is they normally deal with credit cards in advance. This must have been a 'tacked on extra'. lol
Status:
"Mistress of finance and foods."
(set 27 days ago)
Location: Coastal Georgia
50,083 posts, read 63,445,200 times
Reputation: 92681
I work in a bank and we get a cash shipment once a week. If we got a request for $30,000. in cash, we would most likely not have enough cash on hand unless we had advance notice. We recently had a customer who wanted $50,000. in cash and he had to request it a week ahead of time.
Just another indication that you better have a "stash" somewhere in the event of a SHTF scenario, cos the banks won't have much even if you make it there ahead of the rest.
Just another indication that you better have a "stash" somewhere in the event of a SHTF scenario, cos the banks won't have much even if you make it there ahead of the rest.
With the exception of a business account, I am done with banks.
Status:
"Mistress of finance and foods."
(set 27 days ago)
Location: Coastal Georgia
50,083 posts, read 63,445,200 times
Reputation: 92681
Quote:
Originally Posted by mistygrl092
Well, this thread is informative to me. I walked into my branch with a $20K check the other day and they put 75% on hold. Now I understand why.
So thanks for the thread!
Actually, this is a Federal Regulation. A few terrorists have ruined it for everyone. On an over $5000. check that is deposited, $5000, must be available the next day, but anything over that can be held for 7 business days.
I work in a bank and we get a cash shipment once a week. If we got a request for $30,000. in cash, we would most likely not have enough cash on hand unless we had advance notice. We recently had a customer who wanted $50,000. in cash and he had to request it a week ahead of time.
Wow, good to know. I am with Fidelity in addition to this other major bank. I bet THEY have the money on hand (Fidelity).
Just another indication that you better have a "stash" somewhere in the event of a SHTF scenario, cos the banks won't have much even if you make it there ahead of the rest.
That is why I have lots of cash plus 50oz of Gold coins & $250oz of Silver coins in my save & various well hidden locations.
Status:
"Mistress of finance and foods."
(set 27 days ago)
Location: Coastal Georgia
50,083 posts, read 63,445,200 times
Reputation: 92681
Quote:
Originally Posted by mistygrl092
Wow, good to know. I am with Fidelity in addition to this other major bank. I bet THEY have the money on hand (Fidelity).
Probably, it depends upon the activity of the bank. However it is very unusual for customers to withdraw large amounts of cash, regardless of the bank. This kind of cash generates Federally mandated scrutiny, so doesn't happen very often. Any bank orders money from the Fed to cover their usual business. Even a very busy bank which keeps larger reserves would probably not want to cash a $30,000 or $50,000 check because it would throw off their weekly reserve of cash.
If the prostitute cashed a $30000. check, you can bet your booty that the bank filled out an IRS form on her. Failing to do so would have huge penalties for the bank. If she only deals in cash, she is downright stupid. She'd be better off to deposit it into an account. It would be far less scrutinized by anyone.
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