Quote:
Originally Posted by Engine09
Banks do that same #### if you're depositing cash, can't remember what amount but if it's over they ask you where you got it.
But withdrawing? I wouldn't answer them either, it's none of their business. All of the people getting scammed online aren't sending cash by mail anyways.
Really f'ing annoying.
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It's $10k and you have to fill out a form called a Fintrac form for the government to make sure the funds aren't the proceeds of crime/money laundering etc... We have to fill out a few a year if someone buys a car or makes a down payment with a large sum of cash.
edit: As far as the withdrawal thing, it seems to be a bank to bank thing. The bank questioning me said their large cash withdrawal limit is $5000 and above to fill out the form. I do believe it is for the banks liability. But the banks liability does not override my right to privacy.