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The withdrawal reporting threshold is actually $10K. In my experience, banks typically won't prevent you from withdrawing over $10K either, though they do file
by ianhawes 11y ago
The withdrawal reporting threshold is actually $10K. In my experience, banks typically won't prevent you from withdrawing over $10K either, though they do file a report. The report is just another datapoint though, and not evidence of a crime.
If I had to guess, you probably just irritated someone because of your withdrawal size combined with the fact that most banks do not hold more than $15-$20K in cash.
- justinjlynn 11y agoI believe it is 5k now: https://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_015.htm https://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_015.... and I probably did irritate someone with the withdrawal size. They started making me request it a week in advance before they decide it was too much trouble for them.
- deleted 11y ago[deleted]