[liberalh8ter]

Today, one of my neighbors told me he went to his bank to make a withdrawal of some funds. He was told it would take 24 hours for his funds to be released. He left the bank and received a call from the bank President inquiring about the withdrawal request. He verified he was intending to make the withdrawal and the bank President asked him what he intended to do with the money. My neighbor politely told him it was none of his business to which the bank President responded, "yes, but the IRS needs to be notified of your intentions for this money".

My neighbor is now removing all of his funds from the bank and doesn't feel he should put the money in any bank. Can't say I blame him. I wonder how long it will be before the banks actually have an IRS agent in-house to interrogate you after each transaction.

[Carriage Hill]

I've been withdrawing $4,000-$5,000/mo (savings) for the past 7 mos, and the bank doesn't ask a question. I chatted-up the teller saying that my wife and I were "going antique hunting" and that small bills are the best way to "do deals" with sellers. It's the same branch where I had my (now closed after 22yrs) Family Farm Business account, so they know me well. Getting 45-50¢/mo in interest is a bad joke, as is 6-7¢/mo on checking.

My Corp/Personal CPA just notified me that all IRS refunds will be made electronically - no more paper checks - so they'll a copy of a canceled check for account and bank routing numbers to make the deposits. That truly gives me the creeps, since it's in 0scumbagCare's 2,700 pages, from the several summaries I've read.

I assuming that Gov't SSI, Medicare, Military, SSI Disability etc checks will be treated the same way, since they're "trying to save postage and delivery time labor"; I call BS on that crap excuse, considering where we're heading right now, and over the next 4 marxist/socialist/racist/massive-income-redstributive years.

This is all going to get worse by factors if they register/confiscate firearms & ammo, and the gutless, criminal, corrupt US Congress allows/helps it to happen.

YMMV. Contents may settle while shipping... etc.

[wxgesr]

I think if one wishes to withdraw over 10K of his own money, the govt. requires forms and notification....all due to the War on Drugs..now GWOT...same same....I withdrew over the limits to adopt a child in the late 90s, forced to comply with the feds and their snooping forms.

[MomwithHope]

We just did this with a couple of Roth’s. If it’s over 10,000 they have to notify the government. Fortunately ours were just under.

[21twelve]

Several months ago I cashed a check for about $2000. The teller said he would have to give it to me in $50 bills as they were out of $100’s!!! This was at a large national bank in a suburb of 40,000 people!