[NoCurrentFreeperByThatName]

I had forgotten about this:

Let’s go back to that Bank Secrecy Act for a minute. Under that law you bank must file a report with the Imperial Federal Government every time you engage in a transaction with the bank involving more than $10,000 in cash. If you deposit $10,000 in cash the bank files a report. If you withdraw ten grand, the bank files a report. Are you told the bank is filing a report? No. Are you given a copy of the report? No. (I guess this is where the “secrecy” comes in.)

The next time I'm in the states I think I will see how many times, in one business day, I can withdraw and deposit the same $10,000.01.

[riley1992]

I used to work for a bank and that act was despised by all the established and better off customers and rightfully so.