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What's the highest i can withdraw in cash B4 it triggers a RED FLAG

 
Gold is King
User ID: 357558
Australia
01/20/2008 05:38 AM
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What's the highest i can withdraw in cash B4 it triggers a RED FLAG
What's the highest i can withdraw in cash B4 it triggers a RED FLAG.
I've 80,000 in cash.

What's the best way of going about this ?
Anonymous Coward
User ID: 356512
United States
01/20/2008 05:42 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Ebay and Paypal
Anonymous Coward
User ID: 103356
United States
01/20/2008 05:43 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
$6,000.
Anonymous Coward
User ID: 356512
United States
01/20/2008 05:43 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Better yet, wire it to me and I'll invest it for you.
Anonymous Coward
User ID: 103356
United States
01/20/2008 05:46 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Multiple daily withdrawals of $5,999 or less will not trigger the flag. $6,000 does trigger from what I have read. I will see if I can find a link for ya.
Anonymous Coward
User ID: 355759
United States
01/20/2008 05:49 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
What's the highest i can withdraw in cash B4 it triggers a RED FLAG.
I've 80,000 in cash.

What's the best way of going about this ?
 Quoting: Gold is King 357558

It means nothing but illusion, it's all an illusion.
Anonymous Coward
User ID: 103356
United States
01/20/2008 05:50 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
When I say multiple daily, I mean one withdrawal per day for multiple days. Each day, go in and withdraw $5,999 and you should be ok. To be safe, make sure 24 hrs. has passed between each withdrawal.
Anonymous Coward
User ID: 358511
Belgium
01/20/2008 05:59 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Why withdraw it? Leave it safe at the bank! So much cash in the house is dangerous.
Anonymous Coward
User ID: 358526
Slovakia
01/20/2008 06:12 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
take it all out now... who knows, in a month, you might not be able to take out any.

80,000 isnt enough to make them stop you.

I tried to take out more than that a few weeks ago and they just closed my account. it is now stuck in limbo.

i tried to move it overseas first, and they denied me.

then i tried to change it to euros... they denied me again after first saying they could do it.

the banks are done.
Anonymous Coward
User ID: 358511
Belgium
01/20/2008 06:17 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
take it all out now... who knows, in a month, you might not be able to take out any.

80,000 isnt enough to make them stop you.

I tried to take out more than that a few weeks ago and they just closed my account. it is now stuck in limbo.

i tried to move it overseas first, and they denied me.

then i tried to change it to euros... they denied me again after first saying they could do it.

the banks are done.
 Quoting: Anonymous Coward 358526


Thats bull, I got a EUR account, and regularly transfer US$ into it.
Anonymous Coward (OP)
User ID: 357558
Australia
01/20/2008 06:36 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
take it all out now... who knows, in a month, you might not be able to take out any.

80,000 isnt enough to make them stop you.

I tried to take out more than that a few weeks ago and they just closed my account. it is now stuck in limbo.

i tried to move it overseas first, and they denied me.

then i tried to change it to euros... they denied me again after first saying they could do it.

the banks are done.
 Quoting: Anonymous Coward 358526

So what did you do ?
Anonymous Coward
User ID: 52921
Canada
01/20/2008 06:49 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
There are levels now with not only the IRS but with DHS.

Finacial institutions are bound by law to the following reports.

CTR* Cash Transaction Report-cash transactions over 10K

SAR* Suspicious Activity Report-such activity known as "structuring", designed to avoid a CTR.

5K and up triggers an automatic IRS notification.

The people I listen to say no more than 2500 at any one transaction.
Niccolò

User ID: 348129
United States
01/20/2008 06:56 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
There are levels now with not only the IRS but with DHS.

Finacial institutions are bound by law to the following reports.

CTR* Cash Transaction Report-cash transactions over 10K

SAR* Suspicious Activity Report-such activity known as "structuring", designed to avoid a CTR.

5K and up triggers an automatic IRS notification.

The people I listen to say no more than 2500 at any one transaction.
 Quoting: Anonymous Coward 52921

DEA is also notified under the same conditions as the IRS.
"As nightfall does not come at once, neither does oppression. In both instances there is a twilight where everything remains seemingly unchanged. And it is in such twilight that we all must be aware of change in the air--however slight--lest we become unwitting victims of the darkness."
--Justice William O. Douglas

"There are three kinds of intelligence: one kind understands things for itself, the other appreciates what others can understand, the third understands neither for itself nor through others. This first is excellent, the second good, and the third useless."
--Niccolò Machiavelli

"I have promises to keep,
And miles to go before I sleep"
--Robert Frost

:phamask:
Anonymous Coward
User ID: 336915
United States
01/20/2008 06:56 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
I've read as little as $2,500 will trigger a notification.
They key is: does it constitute "unusual activity" for
you?

I hope you don't have any PM's or other valuables in a
safe deposit box. The new rules allow HS to 'observe'
any withdrawals. Can you prove when, where and how you
got it, if you do?
Anonymous Coward
User ID: 358544
Italy
01/20/2008 07:01 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
that's because the banks have a reserve of only about 20% of the real circulating inexisent currency.

80% is inexistent and exist only on the computers of the banks.

Not to say that all of them are fiat money even the 20%.
Anonymous Coward
User ID: 312069
United States
01/20/2008 07:02 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
When banks get your money in their possession, they invest it and make money off your money, so when you want your money out of their Bank, its really not there anymore, so they tell you it can't be withdrawn until blaaaa, blllaaaaahhhh ...actually, until the investment earns your money back again.
The OP

User ID: 357214
Bolivia
01/20/2008 07:04 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Multiple daily withdrawals of $5,999 or less will not trigger the flag. $6,000 does trigger from what I have read. I will see if I can find a link for ya.
 Quoting: Anonymous Coward 103356

If the limit was really 6000 then getting 5999 would be the most suspicious thing to do ever...
Anonymous Coward
User ID: 343187
Canada
01/20/2008 07:16 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Here in Canada the magic number is 10.k.. you walk up to the teller and slide her the withdrawal slip & it's like the whole lot of them instantly gasps for air.

The teller usually flips the slip over like there's some kinda ransom demand on the back.. by the time the two security guards finish blocking the entrance, a manager pops out of nowhere. "Is there a problem here.." shroom
Anonymous Coward
User ID: 358551
Slovakia
01/20/2008 07:35 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
take it all out now... who knows, in a month, you might not be able to take out any.

80,000 isnt enough to make them stop you.

I tried to take out more than that a few weeks ago and they just closed my account. it is now stuck in limbo.

i tried to move it overseas first, and they denied me.

then i tried to change it to euros... they denied me again after first saying they could do it.

the banks are done.


Thats bull, I got a EUR account, and regularly transfer US$ into it.
 Quoting: Anonymous Coward 358511


It is not b.s. It was a lot of money. i transferred 500,000 to europe no problem. then i tried to do more in a second transaction.

they lied to me for 3 days and then said that they couldnt do it. i then asked for it to be transferred into euros. the day beofore they had given me a quote for the exchange. then after talking with the government or whomever, they came back and said they couldnt do it. I was pissed... they ended up just wiring the money back to my brokerage account without my approval. there was 375,000 left in the account which i tried to take out in cash. the next thing i know, my account is closed down and the money is stuck there. they said they would transfer the rest back to the brokerage account, but it hasnt been done yet. The bank is key bank.
Anonymous Coward
User ID: 357707
Norway
01/20/2008 07:40 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Must be quite nice to have that much money, I have 1500 Kroner in the bank and that's not very much. Luck me I get paid on Thursdays!!
Anonymous Coward
User ID: 358551
Slovakia
01/20/2008 07:49 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
actually it causes more problems. nice to have a times, but the problems it creates offsets it. you just exchange one stress for another
Dr Mubungu
User ID: 358541
Sweden
01/20/2008 08:01 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
I'm from Nigeria; you could transfer 80.000 USD to our bank with great interest...I'll send more details to you by mail! :-)
Anonymous Coward
User ID: 358551
Slovakia
01/20/2008 08:06 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
hmmm... nigeria? that sounds intriguing... good investment opportunity there, i bet.

but seriously, the limitations the banks are putting on people is matching the problems that you see in the news. I dont think the banks can save themselves anymore. the only question is how the transition to a new system is going to work and what the new system will look like.
Anonymous Coward
User ID: 18243
United States
01/20/2008 08:07 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Unless you are into some kind of illegal activity I would say screw them. Take out 10 grand or whatever and take it to another bank and if you get a call etc. tell them it's none of their damn business and then hang up on them. People are too scared today and we need to stand up to the government. :-)
Anonymous Coward
User ID: 358551
Slovakia
01/20/2008 08:27 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
totally legit.

it isnt so easy. all the banks are connected. now that I am "flagged", it will be even harder.

you think the money is yours, then you try to do something with it, and you find out that it isnt really yours - it is theirs.
Anonymous Coward
User ID: 358544
Italy
01/20/2008 08:30 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
They passed some rule inmy country years ago, it seems that you can withdraw only about 10K without alerting someone.
Anonymous Coward
User ID: 358544
Italy
01/20/2008 08:32 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
I'm from Nigeria; you could transfer 80.000 USD to our bank with great interest...I'll send more details to you by mail! :-)
 Quoting: Dr Mubungu 358541


Ah yeah I am Dr. Mabongo also I have a few millions dollars that need an account do you want please to take them?.

thanks

Dr. Magunga prime mininster of Nigeria

5a
Anonymous Coward
User ID: 322602
United States
01/20/2008 08:34 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
When banks get your money in their possession, they invest it and make money off your money, so when you want your money out of their Bank, its really not there anymore, so they tell you it can't be withdrawn until blaaaa, blllaaaaahhhh ...actually, until the investment earns your money back again.
 Quoting: Anonymous Coward 312069


Guess what, they can multiple your deposit and loan out 10 X that much.

Yes folks if you have 10,000 in the bank, the bank can loan 100,000. Its called; "fractional reserve banking."

Where does it all end. pretty much where we are right now, swirling the boil at light speed!!
DC is full of crooks
User ID: 17410
United States
01/20/2008 08:49 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
Banks are a joke these days my grandpa use to pay everything with Cash, Car's, Houses. I remember one time back in 1965 he and my father bought a House in South Jersey with cash, forget
that now! because they think your some kind of criminal if you got a bag with 10k in cash or more.

wtf
Anonymous Coward
User ID: 39024
United States
01/20/2008 09:27 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
9999.99 anytime 10k or more in cash is deposited or withdrawn a CTR has to be filled out.
Anonymous Coward
User ID: 39024
United States
01/20/2008 09:29 AM
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Re: What's the highest i can withdraw in cash B4 it triggers a RED FLAG
oh btw CTR is Currency Transaction Report

[link to en.wikipedia.org]

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