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Originally Posted by Raekwon
Came to say the same thing, they actually have local mules that take a cut to do pickups and send cash etc.
Large sums are questioned to audit against laundering and terrorist funding etc. $8,000 seems low I would assume they wouldn't ask until at least 10k.
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Deposits by law they have to ask over 10 K. But for withdrawals I think it might vary by institution as it’s more of an internal policy. Typically that number is 5K for it to be considered a large cash withdrawal. I’ve even had them make me sign a waiver saying that I understand the safety risks of caring around that much cash.