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I used to work for a bank in the US as a teller before 2019. You absolutely can walk in and ask for 12K in cash. That amount is normal. If you’re asking for 3
by wara23arish 4y ago
I used to work for a bank in the US as a teller before 2019.
You absolutely can walk in and ask for 12K in cash. That amount is normal.
If you’re asking for 30-50K then coordination is needed, and its not because money is not available, simply because youd need to open the vault and that takes time.
- woodruffw 4y agoI think there's a large degree of variance here: I've been in places that would have struggled to hand over $1000 in cash, since they might have had only 2-3 times that total on hand for the entire week. That was in a small town, but that's my point: anecdotes about being unable to withdraw money are more about logistics than a banking collapse being hidden from the public.
- vl 4y agoThis was in a branch that before pandemic would fork out 10k easily. I’m not the only one who experienced this - my friends experienced this across different banks in different states.
- woodruffw 4y agoThis doesn't contradict what I've said, and doesn't imply financial instability: it's not particularly surprising that banks weren't receiving as many cash deliveries during the first year of the pandemic, or that demand for cash withdrawals was higher than normal.