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Bank Or Mattress???

Discussion in 'Non-Vegas Chat' started by RedRiverRose, Sep 11, 2021.

  1. RedRiverRose

    RedRiverRose VIP Whale

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    I went to the bank today to withdraw some funds for my upcoming October trip to Las Vegas. I wrote and endorsed a check to myself from my checking account for $4500 in hundred and fifty dollar bills. When the teller came back to the window (drive thru) she said what will you be using this money for? After looking at her strangely I said Las Vegas. She said sorry for the wait and sent the money thru.

    I was shocked to have to explain what I was going to do with my money. I do realize that banks and others can report suspicious transactions or transactions of a certain amount to the IRS but this is the first time I have been asked what I was going to do with my money.

    Maybe I need a bigger mattress to stash my cash.
     
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  2. Aces and Eights

    Aces and Eights VIP Whale

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    I would have said, "I called for two girls this time."
     
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  3. VegasBJ

    VegasBJ VIP Whale

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    it's really none of their business
     
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  4. zoobrew

    zoobrew VIP Whale

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    Have you never read/heard of the stories where the vulnerable are scammed into taking their money out of the bank. Some banks, especially the smaller community banks, try to be on the look out for these situations. By the way, won't have Ida floated your mattress money right the door.
     
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  5. UnicornTX

    UnicornTX High-Roller

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    Maybe you need a safe deposit box to hold cash.
     
    Daughter’s birthday and ‘tis the season!
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  6. oghuman

    oghuman VIP Whale

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    The amount is $10,000 and over that they report via a CTR. Taking out $4,500 for Las Vegas is not suspicious. I doubt the IRS cares about that amount. You’re getting upset for no reason.
     
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  7. 44inarow

    44inarow VIP Whale

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    It is a reality of modern life that you need to account for what you're using large sums of cash for. You don't need to "justify" it, but they're going to ask.
     
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  8. 44inarow

    44inarow VIP Whale

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    And, why go through the process of cashing a check to yourself as opposed to just taking a deposit? I've pulled $10k+ from my account without anyone ever batting an eye.
     
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  9. ReTriggerMe

    ReTriggerMe VIP Whale

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    1) agree, none of their business at the bank

    There are options to get cash in LV

    A) my bank will give cashiers checks for no fees. I called casino, asked if I could cash... they said "fax or email image of check 24 hours in advance - we'll cash when you arrive " worked great. And, when I was leaving, they sold me back my cashiers check, so I didn't need to carry cash home.

    B) there's a service called VIP Preferred. Enroll, get cash at cashier cage. Some casinos don't charge fees, others waive VIP fees depending on the players club status, or stay at hotel.

    C) some bank accounts refund ATM fees

    D) many VMBers advocate establishing a credit line.

    E) go to your bank I they have branches in LV. My bank has a branch in the airport.
     
    Starting the Holidays Right
    It's been 39 months!
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  10. zoobrew

    zoobrew VIP Whale

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    Exactly and I am not sure if posters noticed, but the OP is from Louisiana and you know what follows hurricanes and other natural disasters? Scammers who want cash up front.
     
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  11. thegov2k2

    thegov2k2 VIP Whale

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    Well, they do have the right to ask. I'm guessing filing an SAR is up to the teller's discretion.
     
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  12. 44inarow

    44inarow VIP Whale

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    I've also gotten questions like this just casually from bank tellers when withdrawing large amounts. $4500 should not raise any eyebrows (as opposed to, say, $9,999), it could have just been making conversation. While $4,500 is more than I have in my pocket at the moment, it's not a significant amount of money from a Title 31 perspective. And while I don't fully subscribe to the "if you're not doing anything wrong, you shouldn't worry" view, you shouldn't worry here.
     
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  13. oghuman

    oghuman VIP Whale

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    It’s hard to believe that $4,5000 would draw any attention. I don’t understand writing a check to withdraw money from a checking account. Why not just use a withdrawal form?
     
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  14. SMG

    SMG VIP Whale

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    The last time I withdrew $3000 in in person from my bank (Chase), the teller had to get a supervisor to okay the withdraw. She told me that was their new policy for withdraws of 2000 or more. Although, she didn't ask what I was going to do with the cash. I would normally just use the ATM, but they only dispenses 20s in my area and I prefer Benjamins when I go to Vegas, since they take up less space in my wallet. :cool:
     
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  15. oghuman

    oghuman VIP Whale

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    I don’t have an issue when I withdraw quite a bit more but under $10K, though I have deposited over $10K and they ask. It really depends on your balance and past transactions.
     
  16. Catzilla

    Catzilla VIP Whale

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    I'm going to have something made up the next time I go to the bank, just in case they ask. I'm buying a ....:evillaugh:
     
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  17. Packer

    Packer VIP Whale

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    Interesting, canceled my trip for this weekend but before I knew I was canceling I went to grab some extra cash (I have CL in Vegas) from B of A. For the first time EVER the fricken manager who needed to approve me taking out 5 figures from my own account said what are you going to do with all that money? I was floored and caught off guard, didn't know what to say for some reason so I said I'm going give it away in Vegas. She said have a great time. Unbelievable. Should have said none of your business.. maybe she was checking if I was being robbed..
     
  18. thegov2k2

    thegov2k2 VIP Whale

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    Because they were using the drive-thru. I'd do the same thing. I don't understand NOT doing so, if you have the checks.
     
  19. oghuman

    oghuman VIP Whale

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    My bad, I missed drive thru.
     
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  20. 44inarow

    44inarow VIP Whale

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    Honestly, "going to Vegas" is enough of a reason! They don't care. They're just asking, and oftentimes it's only out of curiosity.
     
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