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RE: What your bank is not telling you about your cash deposits and withdrawals.

in #money8 years ago (edited)

A bank has no business telling the government anything about me, so , no, CTRs are not cool. SARs even more so. I didn't find out about CTRs until I tried to withdraw almost all of my money from the branch bank near my home about four years ago, but they didn't have that much cash on hand, so I lowered the amount and went to the main branch in town for the rest. I was really glad I withdrew that money, too. I still expect them to basically close my account at any time, so I keep a low balance in it.

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You're nothing to a bank. The only reason you would ever be a person of interest is if you do something really nasty or piss off someone in a position of power. The best security is blending in and just being like everyone else.