Day Co. SD | Reality speaks - 7/10/2026 19:06
she has to file out a report that the bank is sending to the Feds along with millions of other reports from other people who just want to get access to their funds in the form of cash. Its all about cracking down on terrorists and drug dealers etc. The official limit is $10,000 per day but the Feds have put pressure on the banks to monitor and report even smaller amounts.
I was told by a somewhat lower level bank employee that $10,000 is a mandatory report, but banks can voluntarily report any amount.
So some banks just report every cash withdrawal.
Do you know if this is true ? |
Cash from the bank and the feds?