Originally Posted by
Dweezel
It depends on the size of the Bank and how much money you are looking to withdrawal. Banks do not keep enough cash in each individual branch to cover the full amount of deposits held by its customers. If you are withdrawing anything over $3,000 it is best to see a customer service agent instead of going through the teller line. The tellers have withdrawal authorities that are typically limited to $500 - $1,000 and by using a customer service representative you will save yourself, the teller and the waiting customers a lot of time. In addition, due to anti money laundering laws covered under the Bank Secrecy Act, you will have to fill out a Currency Transaction Report (CTR) if you are withdrawing $10,000 or more.
totally not true... ive worked for 3 different financial institutions and none of them allowed cash transactions by a CSR.
on the contrary, a teller would handle your transaction although they may not have the cash in their drawer, they would be able to access it from the vault.
there is no limit on the $ amount of a transaction however, in certain cases, requests for larger sums of cash could be discouraged or even denied based on the available branch cash on hand... especially if there is a few days before the next scheduled delivery...