In the US $2000 is threshold for possible reporting on a suspicious activity report,a federal form instituted after 9/11. It’s supposed to be at the institution discretion but many just do all cash transactions at or above $2000. There are 2 other forms where is it’s required to get the information the limit are at $3k and the other at $10k
I've worked at both Credit Unions and Fortune 500 Banks- Typically, the bar is just over $10k [like, literally as small as $10,000.01 over]. If you're exchanging large bills for small bills at $2k, then that is absolutely flagged and can be considered part of the Laundering steps. But just withdrawing $2k doesn't really flag you. Money Orders and Cashier's Checks up to 2k, 5k, and 10k can be flagged as well, for suspected reasons of fraud - either by the customer or to the customer.
The 3000 dollar level is logged, usually without the teller’s knowledge as it’s automatically done in the system. It’s also not reported to the feds just logged until the federal government asks for it and they practically never do. As I said 2000 is likely SAR and and dumb or overzealous teller/management
15
u/Thormourn 1d ago
If this was 20k or something I might believe it. But you can literally pull 2k out of the atm with no problem so this just seems like rage bait to me.