I’m a Bank Teller: 3 Times You Should Never Ask For $100 Bills at the Bank

Yahoo News ^ | 04/03/2024 | Andrew Lisa

[jdt1138]

No idea why anyone would believe something posted by or on YAHOO!

[Vermont Lt]

If you are withdrawing $10,000 from your own account, it doesn’t trigger anything. It’s deposits that are tagged.

[catnipman]

“In short, there’s no bill quite like the Benjamin, and asking a bank for one isn’t like asking for any other denomination. “

this whole article is complete bullshit ... i cash checks for all one-hundreds all the time ... also, i can walk into any Chase branch bank in my area at any time and withdraw $5,000 in hundreds at any time without “calling ahead” ...

[odawg]

I keep a few folded away in my billfold since they don’t take up space. Fifteen twentys are too thick.

I did not know I had criminal impulses.

[Leaning Right]

Here’s what bothers me the most about the whole $100 bill thing. I can’t get the Treasury Department to consider putting Bocephus (Hank Jr.) on a new version.

[jimwatx]

No the last time I withdrew in excess of $10k in cash I had to talk to the bank officer first who asked me what it was for (this seemed to be required on her part) and I had to sign some paperwork.

[DIRTYSECRET]

My buddy spends 6 months a year in Thailand. He carries a bunch of them. The ATM’s work but too often there are fhishing emails saying the account has discrepancies. Then there’s the inability to get access to a US account when they don’t ‘notice’ your computer.

[Dr. Sivana]

[dpetty121263]

I always buy my firearms with 100’s...never a credit card and only once did a Teller ask me why I drew out 5k and I flat told her going to a gun show and buying new guns...

[Dr. Sivana]

So I can’t give much credence to a claim that all $1000 bills were pulled out of circulation back in the late ‘60s.

It was also a prize offered by Monte Hall on Let's Make a Deal in the 1970s. It was already a bit of a rarity, but not illegal to present as a prize on a game show.

[KarlInOhio]

Out of circulation generally means that if a bank gets it they won't give it to a customer. It's still legal tender, but you have to get it from somewhere else.

I had a small stack of hundreds after a Las Vegas trip which I was depositing back in my account. The teller stacked the old ones separately from the new ones. When I asked her if that meant they were pulling the old ones out of circulation, she quickly shoved them back into one pile and denied it. Yeah, I really believed that.

[dfwgator]

Don’t be surprised if the teller tips off their “friends” and they follow you from the bank.

[moovova]

Eliminate $100s...and $50s would be next. I can see where this is going.

The good news, those pallets of cash going to Iran would have to be huge to haul all of those $20s.

[Newtoidaho]

A few years ago I got a few 100s from a bank. Got home, one of them felt funny. I checked the serial number against an online list of counterfeits, sure enough it was counterfeit.

[A Navy Vet]

"No the last time I withdrew in excess of $10k in cash I had to talk to the bank officer first who asked me what it was for (this seemed to be required on her part) and I had to sign some paperwork."

I thought $10k to start the suspicions, questions and paper work. You could withdraw $999 with out a problem. I think I got that from info being put out after 9/11. I could be wrong.

[Leaning Right]

> No the last time I withdrew in excess of $10k in cash I had to talk to the bank officer first who asked me what it was for… <

That might seem like an intrusion, but it’s actually a good thing.

Scammers are now running very sophisticated scams where the victim is made to believe that he owes Amazon, or the IRS, etc. a large sum of money.

The victim is told to withdraw the money, go to a Bitcoin machine, and send the scammer the money via Bitcoin. Sometimes the victim is told to buy gift cards instead.

You’d think no one would fall for that. But unfortunately, many do.

[where's_the_Outrage?]

According to the Washington Post, the law requires banks to keep a modest amount of cash on hand, typically between 3% and 10% of their deposits. Small banks might have less than $50,000 in cash at any given time, while large banks might have $200,000 or more.

I tried to get $15,000 from BOA a few years ago because a guy wanted cash for his truck, they didn't have it available. Said they keep less than $10K on hand.

[Carriage Hill]

I withdraw $10,000 — 15,000 — 20,000 monthly/ every other month, for cash storage in my Cannon T65 Dbl Door Safe, and no questions are asked. They know me and I’m sure they notify “whomever”, as per the law, that a $10,000 transaction took place. BFD.

[desertsolitaire]

I’m sure some in Govt. Would like all “private” sales of higher priced items like used cars and motorcycles etc to have to be done at a Govt. Office so they can collect sales tX in the moment.

[PeterPrinciple]

The real problem isn’t asking for $100 bills, it’s asking for more than $10,000 in cash. That will get you an automatic Suspicious Activities Report from the Bank to the DOJ.

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It is not just the amount it is also “suspicious”. To be cautious, the bank defines all transactions as suspicious just to be “safe.”