Page 3 of 3 FirstFirst 123
Results 21 to 30 of 30

Thread: Cleaning out the bank accounts

  1. #21
    This guy has "some" flashlights. Just a couple. As in, a metric-butt ton of em.

    Echo2's Avatar
    Join Date
    May 2012
    Location
    Virginia
    Posts
    2,552
    Quote Originally Posted by 4suchatimeasthis View Post
    Those crooks! I actually looked into that, I was curious if it was cheaper to get a loan from the bank or cash out part of a settlement. Ha, highway robbery! No thanks.
    Yup...a buddy of mine looked into that....almost 40%....yikes.
    The Difference Between a Welfare State and a Totalitarian State is a Matter of Time.

  2. #22
    Where's the epi?


    ladyhk13's Avatar
    Join Date
    Sep 2011
    Location
    TN
    Posts
    3,293
    I would assume it's only a crime if the money you are talking about was illegal to begin with. If it's your money that you have saved then what exactly is the problem if you take it out all at one time or 4 withdrawls a month? We wanted to buy a bulldozer so we just went to the bank and said we want to withdraw the money which was over 10K no problem. Every big purchase we make we pay cash and have never had a problem.

    If I robbed a store and was shifting large amounts of money each direction they would be suspicious I guess because I wouldn't be able to show where my money came from - no job with W-2's, maybe not paying taxes - that is why this law was formed. I must be missing something here about why you would be concerned with taking your money out of the bank. What if you wanted to change banks? You would go to the bank, withdraw all of your money and close the account. Are they going to come and arrest you? Are you going to be taxed? No. You have done nothing illegal.
    I apologize for nothing...

  3. #23
    Junior Member
    Join Date
    Aug 2014
    Location
    France, recently moved
    Posts
    3
    I worked in the Middle East and had an account with a British bank. It took me about 3 weeks to close my account before moving to France. I was finally able to close it but then it took me about 2 months before they were willing to transfer my money to my account in France. I finally had to telephone the ex-bank manager, then working in Switzerland and friend of my ex-boss, and have his office okay the transfer. We are captives of our banks. Our money, but possession is 9/10ths of the law...

  4. #24
    plenty of extra room "down his pants"
    ElevenBravo's Avatar
    Join Date
    Dec 2012
    Location
    SWVA
    Posts
    2,466
    Ive never had much money so Im ignorant.

    What is the reason you have to get permission to get a large sum? I understand the money laundering thing and there trying to prevent it.. but is there some sort of tax that is due at the time also??

    When I take out enough cash for gas and liqueur Ive never been given a second look so Im curious what big rollers have to tend with...

    EB
    "Takes .357 to the field... every time..."
    "AR - America's Rifle"
    "Bushido, an honourable way of life"

  5. #25
    For the Love of Cats


    Sniper-T's Avatar
    Join Date
    Sep 2011
    Location
    The Great White North!
    Posts
    8,939
    if I try to take out 'x' amount and they deem it as 'excessive' I get hassled... I shoulda called ahead, I shoulda made an appt... I say f*ck you, give me my money!! they do... with a 'reminder' to call ahead next time. lol!
    Last edited by Sniper-T; 08-27-2014 at 01:41 PM.
    Give a man fire, and he'll be warm for a day!
    Light a man on fire, and he'll be warm for the rest of his life!

    Cat's are food... not friends!

    If you're going to fight, then fight like you're the third monkey on the ramp into Noah's arc... and brother, it's starting to rain.

  6. #26
    I'll most likely shit myself



    bacpacker's Avatar
    Join Date
    Mar 2011
    Location
    East Tennessee
    Posts
    7,599
    Lots of banks don't have a ton of cash in their vaults anymore. If you want say 100 they have to order the cash to deliver to the bank. That's just a number I threw out. But you get my drift. The money you deposit is not kept where you deposit.
    Do a little look into Fractional Reserve Banking. We can thank the Federal Reserve and what was created at Jekyll Island a century ago. An interesting read is The Creature from Jekyll Island.

  7. #27
    Senior Member

    Join Date
    Aug 2013
    Location
    Northwest quadrosphere, SOL-3
    Posts
    387
    Quote Originally Posted by Sniper-T View Post
    So what would the IRS do to you if you withdrew it all? Aska couple questions and watch you for large purchases? Ooooh, scary!

    Spend a couple hundred, buy a ticket to Vegas. Withdraw everything, and then go on a trip. Take in a couple shows then come back and if they ask, tell them you bet it all on one roll of the dice.
    Send their SWAT team after you, and 'arrest' the money....after killing your dog, of course. Then, try and get the money back.

  8. #28
    plenty of extra room "down his pants"
    ElevenBravo's Avatar
    Join Date
    Dec 2012
    Location
    SWVA
    Posts
    2,466
    BP has the nail hit on the head...

    EB
    "Takes .357 to the field... every time..."
    "AR - America's Rifle"
    "Bushido, an honourable way of life"

  9. #29
    For the Love of Cats


    Sniper-T's Avatar
    Join Date
    Sep 2011
    Location
    The Great White North!
    Posts
    8,939
    Quote Originally Posted by Fidel MD View Post
    Send their SWAT team after you, and 'arrest' the money....after killing your dog, of course. Then, try and get the money back.
    at which point the money is buried in the back 40....
    Give a man fire, and he'll be warm for a day!
    Light a man on fire, and he'll be warm for the rest of his life!

    Cat's are food... not friends!

    If you're going to fight, then fight like you're the third monkey on the ramp into Noah's arc... and brother, it's starting to rain.

  10. #30
    Where's the epi?


    ladyhk13's Avatar
    Join Date
    Sep 2011
    Location
    TN
    Posts
    3,293
    It is true that most banks don't keep probably over 50K on hand. Depends on the size of the bank. We were told once that an amount we wanted to withdraw was more than they kept on hand but they ordered it for us no questions asked. Now when I take out large amounts I tell them I'm going shopping. They all laugh. But then again we bank with our community bank and know all of the employees very well, it's not one of those mega banks where you are just a number to them. Pays to do business with your neighbor where all of the shareholders are your neighbors too.
    I apologize for nothing...

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •