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So, when I draw out $5,000 or more the banks are to drop everything and call the Feds to tell on me.

Let's collectively call out the central socialist government for the trillions they blow on enriching Islam while as a nation we're broke.

1 posted on 03/24/2015 5:34:35 AM PDT by HomerBohn
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To: HomerBohn

They also have a concept of “structuring” for financial transactions, which means if you have multiple transactions which were separated to avoid going over $5k or $10k in a single transaction, that counts as a single transaction of the total amount. You can’t just take out three withdrawals of $4k each at different times of day or on three consecutive days to avoid the reporting requirements and the annoyance of FedGov intruding on your private, non-criminal behavior.


54 posted on 03/24/2015 7:42:06 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: HomerBohn

Have a credit card which is hardly ever used.
Stopped using debit card and went strictly cash in June, 2013.

Don’t miss not using the debit card. Still carry it in case of emergency.

Have to remember to visit ATM often enough to pay cash for all the day to day stuff.

Wish there was an easy way of paying monthly bills with cash.


66 posted on 03/26/2015 5:37:21 PM PDT by upchuck (The current Federal Governent is what the Founding Fathers tried to prevent. WAKE UP!! Amendment V.)
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