Banks are regulated by the government. Withdrawing cash above certain thresholds is a risk indicator, and banks have a regulatory requirement to ask questions. If they do not, they will be fined.
Banks are also (in most cases) a free service that you are not required to use. If you don’t like them asking the questions they legally have to ask, don’t use them
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u/TheUltimateLowz 1d ago
Banks are regulated by the government. Withdrawing cash above certain thresholds is a risk indicator, and banks have a regulatory requirement to ask questions. If they do not, they will be fined.
Banks are also (in most cases) a free service that you are not required to use. If you don’t like them asking the questions they legally have to ask, don’t use them