Do I have to give my bank notice if I have to withdraw a significant amount of cash from one of my accounts? Probably not, right? IDK never had to do it before.

 

depends, but if you plan on doing a large withdraw go in the morning. i had to take out about 5K one time and went in at 5pm but the vault was already close :doh: so the tell had to borrow from all the other tellers.

 

I do large withdrawals and never give them notice.

Do you have to? no not at all.
Is it a courtesy to let them know ahead of time so they don't get shorted the rest of the day because you were too lazy to afford a simple courtesy? Why yes it is.

 

how big?

 

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.

 

you don't have to fill out a CTR it's done automatically.

i do wire transfer of funds over 10K 3-4 times a month for business. never had to manually fill out a CTR.

 

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...

 

what do you know you only work at a bank! dweezel is an internet expert!!!!!

 

From my experience, tellers have a limit to the amount of money they can cash they can pass through the window, without a senior teller / manager verifying it.

 

I've taken out 4k from the teller before with no problems.