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In the US any cash withdrawal that large triggers a legal requirement for the bank to file a transaction report with the government. If the teller didn't ask yo
by papercrane 6y ago
In the US any cash withdrawal that large triggers a legal requirement for the bank to file a transaction report with the government. If the teller didn't ask you anything and you don't regularly make withdrawals like that then somebody messed up.
- RandomBacon 6y agoAs far as I can tell, they are only required by law to ask for identification; no requirement about asking why. The report they make goes to the IRS where the IRS might ask a question. https://finance.zacks.com/federal-banking-rules-withdrawing-large-sums-cash-1696.html https://finance.zacks.com/federal-banking-rules-withdrawing-... The teller asked for identification which exactly what the law requires, so it doesn't sound like they screwed up.