Do banks get suspicious??
10-02-2006, 07:36 PM
#1
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Do banks get suspicious??
ok so i been getting deposits from this company and i withdraw that amount each day...do they look that stuff up? and so do they get supsicious?
10-02-2006, 07:39 PM
#2
un-Touch'd krew
Depends on the amount being deposited.
If I remember right if it is over a certain amount (30k I believe) then you are supposed to fill out paperwork on it. the number may be higher though, I have only had to do it twice but it was different amounts each time.
If I remember right if it is over a certain amount (30k I believe) then you are supposed to fill out paperwork on it. the number may be higher though, I have only had to do it twice but it was different amounts each time.
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10-02-2006, 07:39 PM
#4
Pull my finger
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Why is that? Curious...
10-02-2006, 07:40 PM
#5
Floppy Death! noES!!!
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some do, some don't. If they have a problem with it they'll contact you, usually via snail mail. Have a good legit reason ready and it'll be no problem.
They have a lot of accounts, they don't sit there and look at each one. They have programs that look for certian patterns. If you don't get flagged with one of those patterns, noone will ever look at your account.
They have a lot of accounts, they don't sit there and look at each one. They have programs that look for certian patterns. If you don't get flagged with one of those patterns, noone will ever look at your account.
10-02-2006, 07:41 PM
#6
un-Touch'd krew
It is tax papers you have to fill out. Don't remember the reasoning behind it exactly and since then I have made sure to make smaller deposits.
I am sure it is just a way to keep it from being a money laundering deal also.
I am sure it is just a way to keep it from being a money laundering deal also.
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"I'll keep my money, guns and freedom. You can keep the "Change."
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10-02-2006, 07:43 PM
#8
un-Touch'd krew
Nope can't be because I make regular 10k deposits to my account.
Anything over 5k as withdrawal and you have to notify the bank a few days ahead of time if it is a cash transaction. If you come in with anything over 10k in cash then you have to do paperwork on the money but in check or cashiers form no [aper at all is needed.
Anything over 5k as withdrawal and you have to notify the bank a few days ahead of time if it is a cash transaction. If you come in with anything over 10k in cash then you have to do paperwork on the money but in check or cashiers form no [aper at all is needed.
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"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
10-02-2006, 07:45 PM
#9
snitches get stitches
Nope can't be because I make regular 10k deposits to my account.
Anything over 5k as withdrawal and you have to notify the bank a few days ahead of time if it is a cash transaction. If you come in with anything over 10k in cash then you have to do paperwork on the money but in check or cashiers form no [aper at all is needed.
Anything over 5k as withdrawal and you have to notify the bank a few days ahead of time if it is a cash transaction. If you come in with anything over 10k in cash then you have to do paperwork on the money but in check or cashiers form no [aper at all is needed.
5k withdrawl is nothing. That takes no forewarning whatsoever. In fact, I had 2 different people come in and withdrawl over 5k today no problems. And if a deposit is in check form, there is really no limit to a single deposit to require paper work. I had someone deposit 500k in checks today. It all depends on the account profile.
10-02-2006, 07:46 PM
#10
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Nope can't be because I make regular 10k deposits to my account.
Anything over 5k as withdrawal and you have to notify the bank a few days ahead of time if it is a cash transaction. If you come in with anything over 10k in cash then you have to do paperwork on the money but in check or cashiers form no [aper at all is needed.
Anything over 5k as withdrawal and you have to notify the bank a few days ahead of time if it is a cash transaction. If you come in with anything over 10k in cash then you have to do paperwork on the money but in check or cashiers form no [aper at all is needed.