Posted on 08/30/2024 7:14:14 AM PDT by delta7
I’ve been using cash and stashing cash as much as I’ve been able to these past few years.
The ‘all digital currency’ chatter is very unnerving.
BTW: “Truist” not very strong financially...the “Weiss” Website has bank/CU ratings:
https://weissratings.com/en/bank/9846
Truist” not very strong financially...the “Weiss” Website has bank/CU ratings:
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Thank you. I will close all Truist accounts.
“Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more, if the bank or affiliate knows, suspects, or has reason to suspect that the transaction:
May involve potential money laundering or other illegal activity (e.g., terrorism financing).
Is designed to evade the BSA or its implementing regulations.
Has no business or apparent lawful purpose or is not the type of transaction that the particular customer would normally be expected to engage in, and the bank knows of no reasonable explanation for the transaction after examining the available facts, including the background and possible purpose of the transaction.
A transaction includes a deposit; a withdrawal; a transfer between accounts; an exchange of currency; an extension of credit; a purchase or sale of any stock, bond, certificate of deposit, or other monetary instrument or investment security; or any other payment, transfer, or delivery by, through, or to a bank.”
So, $5k, not 10k. Withdrawals as well as deposits.
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