I’ve been encountering this for about 2 years now. As a retired person living on my savings, I make quarterly transfers from savings to checking. It used to be that no one at the bank said anything to me, other than “Hello, how may I help you?” and “Thank you, have a nice day.” Now, every time I make a transfer, the teller engages me in inane conversation about what I’m going to do with the money: “Are you doing a home improvement project, or something fun?” And, the teller *always* signals the branch manager to come and stand next to her while he glances at me surreptitiously as she processes the transaction. Plus, they always put a 3-day hold on my transferred funds now, something they didn’t start doing until about a year ago.
I’m sure they’ve submitted a SARs report every time. Maybe they’ll start having the cops follow me home now too.
It sucks.
OMG! I did not know that you were experiencing this! OUTRAGEOUS! I don’t think it is the retirees living off their savings that the government needs to worry about.