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Getting harder to use cash. Fewer places accept it at all since COVID, and even some consumer purchases trigger SAR review when I withdraw the cash. (e.g. buyin
by reaperman 3y ago
Getting harder to use cash. Fewer places accept it at all since COVID, and even some consumer purchases trigger SAR review when I withdraw the cash. (e.g. buying a whole rig's worth of expensive computer parts from Microcenter, a car, or even some TV's can all approach that $8,000 limit where banks consider it close enough to the $10,000 rule)
- lrvick 3y agoFor the few places that do not accept cash, I purchase prepaid debit cards with cash. Still deprives vendors and my bank of my identity-linked buying behavior.
- southernplaces7 3y ago>and even some consumer purchases trigger SAR review when I withdraw the cash If what you're doing is legal, so what? If anything, a sort of social protest in favor of cash and against pervasive, parasitic transaction monitoring should arise to saturate such systems with bullshit SAR reviews. In effect, people should decide to deliberately go cash-heavy for transactions that arbitrarily trigger these idiocies. The bean-counter bureaucrats want to watch how we spend every penny of paper and coin? Make them suffer the burden of it.