Your money is government business...

[tim87tr]

I'm buying a hooker and a bag of cocaine. Then ask her if she's busy afterwork

I laugh at this one every time

 

[Twangbanger]

Tell her, "The last Capitol Insurrection didn't go as well as we thought, so we're planning a bigger one this time..."

 

[nipprdog]

They just lowered it to $600

read post #8

 

[Cameramonkey]

Another vote for protecting the customer from fraud. They're softly asking to guard against wire fraud scams. Its what they do now. I wouldnt worry about it.

 

[rob63]

Years ago at 5/3 I went to cash a 2000 dollar check, from the company I worked for, the same company that direct deposited my check every two weeks. Guy was loud, pulled me aside and asked 20 questions in front of everyone. I was like 20 and was just confused. Finally left them a few years ago. I could make a list of the ways they screwed me. I just assumed all banks were like that

I had a buddy that had worked hard, lived cheaply, and saved his pennies. He got the same third degree when he tried to get a cashier's check to buy a car. They came right out and said he must be a drug dealer to have that kind of money at so young an age.

Most people cannot comprehend that it is possible to live by different rules than the average debt saddled person.

 

[Karl-just-Karl]

I had a buddy that had worked hard, lived cheaply, and saved his pennies. He got the same third degree when he tried to get a cashier's check to buy a car. They came right out and said he must be a drug dealer to have that kind of money at so young an age.

Most people cannot comprehend that it is possible to live by different rules than the average debt saddled person.

Last sentence, very, very true.

The first time I bought a car with cash I was questioned so many different ways about why I didn't need financing I ended up saying that I received an inheritance from a grandparent to fund the purchase. No questions asked after that.

So the approach is not to convince someone you worked hard and saved diligently, claim it is a windfall and you can't wait to blow it! Everyone seems to understand that.

 

[daddyusmaximus]

How ”noisy” was she on a scale of mouse fart to a jet engine?

Middle of the road, but after I thought about it a few seconds I could tell it wasn't natural.

 

[Ark]

Another vote for protecting the customer from fraud. They're softly asking to guard against wire fraud scams. Its what they do now. I wouldnt worry about it.

This is...probably the real explanation. Trying to stop Granny from emptying the retirement account and sending it to her internet lover in Russia or whatever.

 

[daddyusmaximus]

Why didn't you just tell her to go **** herself all the way to Hell?

Well, that's what I'd like to do but two things stood in my way.
1. I was caught off guard, and just responded.
2. The reason I was caught off guard is, well, there's no easy way to admit this... I'm a closet nice guy.

 

[daddyusmaximus]

All banks have been doing this for some time.
Partly to make sure you are not sending it to your Nigerian prince.

Ask for $15K, cash and watch their eyes light up.

The only way I'm ever gonna get 15K in cash out of any bank is to commit a federal crime, and that's just not my style.

 

[daddyusmaximus]

Go back, get the same teller, and loudly close your account and go next door

To where... some other bank under federal orders?
If I didn't need a debit card account for direct deposit, (VA disability) I'd go back to all cash until they outlaw it.

 

[Keith_Indy]

Yep, this pre-dates the current administration by 2 decades now...

Had to dig deep for this...

Know your customer - Wikipedia

en.wikipedia.org

United States: Pursuant to the USA Patriot Act of 2001, the Secretary of the Treasury was required to finalize regulations before October 26, 2002 making KYC mandatory for all US banks. The related processes are required to conform to a customer identification program (CIP)

 

[daddyusmaximus]

Another vote for protecting the customer from fraud. They're softly asking to guard against wire fraud scams. Its what they do now. I wouldnt worry about it.

They may be doing this as well, but I get the feeling it's more like the real reason is the government wants to be able to tax everything, and keep an eye out for expenditures like weapons buys through private sales. Probably their idea of a "common sense background check".

 

[1nderbeard]

I'd guess it's the bank requiring it. Otherwise, that teller is incredibly unprofessional. But you're not wrong - the government does want to monitor everything we do.

I've made a few cash withdrawals for purchases like that, and I've never been asked.

 

[daddyusmaximus]

Yep, this pre-dates the current administration by 2 decades now...

Had to dig deep for this...

Know your customer - Wikipedia

en.wikipedia.org

Well, they know me enough that they didn't ask for any ID.

Of course that would be racist now wouldn't it?

 

[Keith_Indy]

Well, they know me enough that they didn't ask for any ID.

Of course that would be racist now wouldn't it?

Apparently only when exercising one of our most important rights...

 

[Cameramonkey]

They may be doing this as well, but I get the feeling it's more like the real reason is the government wants to be able to tax everything, and keep an eye out for expenditures like weapons buys through private sales. Probably their idea of a "common sense background check".

Its both. When its a casual "whatcha doin with that?" question, its likely the fraud prevention. When they whip out the form, THEN its the .gov tracking.

 

[BJHay]

The program, as onerous as it may be, is a systemic process to catch contractors, small business, and criminal cheating on taxes. It intends to flag things like total amount flowing through an account, foreign transactions and repeat transaction. From what I've read it's done with software that triggers a report from the bank to the feds. Training hundreds of thousands of bank tellers nationally to know when and what to ask would be difficult at best and processing manual information at that scale would be a massive problem.

Find a bank teller you interact with socially or is friend-of-a-friend and ask them if that's what they're trained to do.

 

[Leo]

When filling a gas tank is $95 and dinner for two at any common sit down restaurant is $60, hiring men to keep track of every citizen that is spending $600 OF THEIR OWN MONEY, makes no sense.

Of course making no sense is the trademark for the current Administration.

 

[Leo]

The program, as onerous as it may be, is a systemic process to catch contractors, small business, and criminal cheating on taxes. It intends to flag things like total amount flowing through an account, foreign transactions and repeat transaction. From what I've read it's done with software that triggers a report from the bank to the feds. Training hundreds of thousands of bank tellers nationally to know when and what to ask would be difficult at best and processing manual information at that scale would be a massive problem.

Find a bank teller you interact with socially or is friend-of-a-friend and ask them if that's what they're trained to do.

I often stand in line at the service counter of the grocery. It is really common for two or three people who cannot speak english in the line to be wiring money to Mexico. $800 to $1500 at a time, even if they have to make 3 transactions to make it happen. I wonder what ol' joe's IRS thugs think about that?