Let's collectively call out the central socialist government for the trillions they blow on enriching Islam while as a nation we're broke.
My mom walked into her bank, used teller to transfer money between her own accts. Shortly thereafter got a letter and a call from the bank checking on it. It wasn’t even cash. Freaked her out.
I you draw out cash and use it, they cannot track you or your purchases.
Writing a paper check is better for them as it gives them some info, but they LOVE you to use that debit card. It tells them the who, what, where, when and part of why in every transaction.
I move larger amounts of money around between bank accounts and brokerage accounts and have never had the slightest problem.
If my bank ever does this I will close my accounts and move to another.
If it ever happens to me I will tell the cops I just want to spread the money on my bed and roll around naked in it.
It took 3 days of her demanding cash before they would do it, and when she and I went to get it there was a police officer present asking her if there was a problem. We took it to our business and put it in our safe, and here is the real kicker, we had the manager from the bank AND the cop follow us there.
The cop I can see, he was actually concerned about it and seemed like a nice guy just making sure she wasn't being ripped off or blackmailed, and wanted to make sure she got to where she was going with the money. The manager though, that REALLY pissed me off he followed us, and what made me even madder was he was trying to be discreet about it.
I assume that means >$ 5,000 in cash versus electronic transfers, bill pays, personal checks.
I personally have never withdrew and carried nearly that much cash in my life and would be very nervous doing so,
In fact I rarely use cash for anything, but I see its popular with Walmart customers.
Don’t forget when the uncle lost the critical payment in cash in ‘Its a Wonderful Life’
I was once a homeowner in Citrus Heights, CA. I’m white, my wife is black, though very conservative, our neighbor was prejudice, he used to let his dog defecate on our lawn, I went to the Citrus Heights city hall, to the Planning Department, to ask for a legal dog feces abatement sign.
The civil servants who responded to me chosen to misinterpret my clear, unambiguous request—does my writing seem like I have trouble express myself? He called over his colleague, raised his voice, accused me of illegal signage posting with a grimace of hatred on his face, refused to understand or be helpful as I clearly restated my request.
I now live in Rocklin, home of the 19th century Finnish Temperance Hall. Outside my apartment is...a dog feces abatement sign posted by the City.
I advocate that all govt vehicles be required to identify the agency, so that citizens can report speeding and driving misbehavior to risk management.
All you need if 500,000 people on a daily basis at 9AM...walk in and ask for $5,001 in cash. Walk around for six hours, then insert the $5,001 in cash back into the bank account. It’d take a month for the Feds to wise up that they were wasting six million reports a week on this banking report deal.
OUT-OF-CONTROL executive branch ALERT!
At today’s fractional interest rates you’re much further ahead to just stuff it in your mattress.
Call the cops? ... LOL ...
If my bank here in Tulsa called the Tulsa Police Department and said, “We’ve got a customer here who just withdrew $5,000 from his bank account! Come quickly!” ... the cops here would be laughing their heads off, rolling on the floor! ... :-) ...
Cops: “Sir, why did you draw $5000 out of the bank?”
Me: “None of your damn business.”
Did everyone miss the two critical words from the article?
They would be “transactions” (plural) and “aggregate”.
So they aren’t just talking about single transactions of $5001 or more. They’re talking about MULTIPLE transactions TOTALLING $5001 or more.
Over what time period is left unsaid. So, say you have a business (such as a sole proprietorship) that requires cash transactions of >$5000 per month. You go to the bank once a week and withdraw $1000 for the cashbox. There’ll be months where you hit that $5000 threshold, and if this rule is in effect with a monthly aggregation your bank calls the cops and you may get a visit.
Stop doing business with government banks. Problem solved!
I personally pay all my bills with money orders. Yes, it is a little more work and running around, but, I have a complete paper trail without notice to the government what I spend my money on or who I give it to. This is another way for the government to track which candidate you give money to, or weapons you purchase, etc.
I do not do any business with any government bank.
I withdrew 5k last June to go on a trip to Vegas. The teller asked me if I was buying a car. I said I was going to Vegas. She told me good luck.
My impression then was she was just making conversation. But since I go to Vegas about once a year, and carry cash with me, I’ll be on the lookout for more in-depth questioning of my need for the cash.
So, you pull out $5K in cash and the cops are waiting?
RICO anyone?
Muslims.
Nazi Germany actions? Wake up America.
Got news for you, you withdraw 10k or more the fed gets notified, has been that way for years! All they are doing is dropping the amount to trigger the notification.