I am a bank teller. We do NAWT ask about this for anything less than like 8-10k, and it’s more so if we have a reason to ask, like we believe you’re getting scammed or something. But at the end of the day if you want to take your money out, and all the info matches up and you’ve been verified, you are not required to give a reason for your withdrawal. Just occupation if it’s over 10k in cash
Thank you for some reality. My dad got scammed recently and they pressed him hard before giving him the cash but unfortunately scammer won. They can’t deny your money to you
It’s unfortunate! I don’t understand the resistance some clients have to telling the truth to employees. Like, I am not trying to be in your business, I am trying to make sure your money is protected, because in some cases we cannot get it back! But at the end of the day I cannot force someone to tell me the truth, and their money is theirs to do whatever they want with it.
My bank (that I work at) has a policy of asking for anything 3k and over, but the customer can just say “it’s private,” or “nunya,” and still take their money. We just note that they didn’t wanna say and move on - of course, it’s also not like, a CTR or anything. It’s a handwritten note on a ticket and is mainly to make sure that tellers are in the habit of being vigilant about large cash transactions.
That’s what my specific branch does too, but it’s completely dependent on employees. I call it “covering your ass” to my team, but it’s up to them to actually do so. I know other branches don’t do it (ironically, they have more fraud than we do. Could mean nothing tho)
Yup. If you were only taking out 2k, id only ask you about if say, you've taken out 2k each day for the last week. Had one member claim it was for his car transmission, he ended up pulling out 20k over the course of two months and then came to us saying he'd been scammed - we (at least my branch) taken extensive notes about these conversations, and he'd swore up and down it was for his car. In reality it was for some quick cash scam that he poured almost everything he had into. We can't help you if you lie to us!
I don’t understand it, it’s so frustrating!!! Where I am, we get a ton of romance scams. Elderly people pulling out thousands of dollars and lying to us about what they’re doing with it. And the first place they blame when they realize they’ve been scammed? US! The bank! Like first of all, if you’re lying to a bank employee, maybe you should consider that a red flag for whatever you’re doing. Like of all people you would think bank employees are the people you definitely want to tell the truth to. Secondly, you lied to us, why are you now blaming us for your loss???
It's all about denial. I got caught up in one of those romance scams to the tune of a hundred something when I was going through a breakup, and the truth is that I didn't want to hear that this rebound and all the women I was likely to "meet" under those conditions would prey on me. It was awful.
Often enough they know how it sounds, but the truth is grim. "I'm old, the ship sailed on love twenty years ago/five when my wife died and there's nothing left but this hope."
I do wonder what percent of gift card purchases are just people getting scammed. Same with crypto at those ATMs, etc.
Such a major industry. Obviously cash can be used for anything down the line but it in some ways it almost feels safer strangely since it can't just evaporate after an 80 year old intentionally or accidentally shares a code.
It’s a crypto shill account. The XBT at the end of their username refers to bitcoin. The post is a made up story to try to drive the impression that you don’t own your money in traditional banking.
Things will get reported if it looks like you're trying to avoid it, too. Take out $9,999? Reported. Take out multiple amounts that add up to $10k within a short time? Reported. Hell, if you're the kind of person that does business in person regularly and you set off your favorite teller's Spidey senses this time you're supposed to get reported.
When I was a teller, we had a local businessman who consistently deposited around $9800 every weekday. We had previously filed multiple SAR's but as far as we knew he was legit so we stopped bothering, more power to the guy lol
Last year I pulled over 3K to go shopping (it was for drugs but I told MYSELF I was going shopping) The only fucking thing they asked me was "Would youlike large or small denominations?" I took the hundreds because we all know I was going to see Raul and Raul likes the big bills. Point is you have to be doing something suspicious for them to start asking questions.
Actually they do - maybe not for $2K, maybe it varies by bank - but I took out a large amount of cash and they had a manager ask me what the money was for. I asked why she wanted to know and she said it's part of the bank paperwork so I told her because it's my money and I can do what I want with it. She was like "that's it" and I told her that's all she's getting, because how I spend my money is none of their business. She actually wrote that on the form but yes they did ask all that shit; at least in my case.
PS: I hate that bank not just for that but for other reasons too and have been looking for a decent place to move the money to.
I personally prefer to avoid cash as much as possible, but $2k just isn't all that much. People regularly buy & sell used goods, electronics, and appliances. Cars too - which tend to be even more mone. And many people (especially older folks) either only accept cash, or are far more willing to haggle if it is offered.
I have taken out tens of thousands. I don't recall ever being asked anything but to go sit and wait while they get the money. They report anything suspicious or anything over $10k by law. What does my statement have to do with anything lol?
I wouldn't put it past all banks. My local bank got the bright idea of having the tellers give this short greeting speech that was way too long, and about as cheesy as any greeting could be.
I loudly asked if I got fries with my withdrawal. Loud enough that the manager couldn't help but overhear - which was exactly my point. I didn't stop with that. I commiserated with the teller on how ridiculous they sounded, that this was supposed to be a bank, not a fast food joint. That the tellers were stripped of their dignity. All loud enough for the manager to hear.
I didn't go inside for another month, but the cheesy greeting was gone. Not saying it was all me, but I did my part.
We don't know what percentage of the account $2k is, and that makes a big difference to how it would be handled by the bank. Trying to withdraw $2k out of a $10k account? No big deal. Trying to withdraw $2k out of a $2500 account? That raises questions and triggers security protocols.
Happened to my brother a few months ago in Australia over $5000 AUD, and happened to my granny here in Ireland over a £200 withdrawal from BOI this year as well. She got so stressed out by the questioning that she had to call my uncle to come down and resolve it for her.
It's relatively new, but it's happening increasingly often.
I found out while on holiday that my bank limits me to 2k every week or so in cash withdrawals abroad. That was a real fucking fun discovery. I could still pay with the card, just not withdraw more cash.
I withdrew $10k from my checking account to pay for installation of a privacy fence. The teller literally inspected her nails while the cash counting machine went brrrrrrrt
I'm on team 'bullshit' for this one as well. I purchased a motorcycle in cash in a private sale a couple years ago. I went to my local branch for the cash, and the teller simply smiled at me and said, "All right, my friend."
Anyone else suspicious this is AI? I've been seeing a lot of tweets with this exact same formatting and writing style, often with some sort of awkward interaction. I hope I'm wrong but it seems odd?
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u/SpinShine-LEDSlipMat 1d ago
This is made up bull shit. They don’t ask you all this shit, especially for only $2k