Write Review
1,978,329 Total Reviews 3,998 New Reviews
9,058 Users Online

TER General Board

What's their daily limit on cash withdraw? (eom)
So_Ca_Dreaming 292 reads
posted


END OF MESSAGE

So_Ca_Dreaming1700 reads

I know if one is to exceed the $10k limit (cash withdraw, wire transfer, cashier's check purchase, etc.) then the fed will be noticed. I am wondering what's the fed going do. Will they contact me or my family directly? It would not be good if SO is alerted in the process.

I am also wondering is there's any notification procedure for cash withdraw with cash card, debit card, etc. For example, if you withdraw $2k in less than 5 days, will that trigger an automatic notification to the fed?

I have not done any of the above nor plan to, but I don't want to stumble into it and find out the answer the hard way.

ReplyQuoteReport
Retired-Guy405 reads

If you exceed 10k, the bank is required to fill out a form to track large cash transaction.  Generally, this only becomes an issue if you are doing it with some level of frequency.  The easiest way to avoid this is withdraw or deposit amounts under $10k.  Of course if you daily deposit or withdraw $9900, the bank may still suggest you complete the form to cover their ass, but $8k 2x a week has never been a problem for me.

And other than a notification on your bank statement, the ATM limits are the same ...$10k, but you'll never reach that as most ATM are limited to $500/day.

If any one asks, just say you have a gambling problem...they usually STFU.

MT

Posted By: So_Ca_Dreaming
I know if one is to exceed the $10k limit (cash withdraw, wire transfer, cashier's check purchase, etc.) then the fed will be noticed. I am wondering what's the fed going do. Will they contact me or my family directly? It would not be good if SO is alerted in the process.

I am also wondering is there's any notification procedure for cash withdraw with cash card, debit card, etc. For example, if you withdraw $2k in less than 5 days, will that trigger an automatic notification to the fed?

I have not done any of the above nor plan to, but I don't want to stumble into it and find out the answer the hard way.

ReplyQuoteReport
So_Ca_Dreaming326 reads

Thanks for the reply. $1k a week is enough for me. I was just curious about larger sum of money. Just in case I find someone I really like. :)

$500/day x 365 days = $182,500. That's a pretty large amount of money. It really should trigger some kind of alarm somewhere. I don't see anyone spending that kind of money on our hobby, but one can easily lose that much or more on gambling. Unfortunately, gambling problem may not be enough of an explanation for my SO. It would be best for me to avoid any government agency calling my home.

ReplyQuoteReport
Retired-Guy329 reads

The bigger pain is transporting $10k-20k on a date.  It will pack pretty easily in your carry on (too bulky for a money belt, but that's more money than I like to have on me.

Posted By: So_Ca_Dreaming
Thanks for the reply. $1k a week is enough for me. I was just curious about larger sum of money. Just in case I find someone I really like. :)

$500/day x 365 days = $182,500. That's a pretty large amount of money. It really should trigger some kind of alarm somewhere. I don't see anyone spending that kind of money on our hobby, but one can easily lose that much or more on gambling. Unfortunately, gambling problem may not be enough of an explanation for my SO. It would be best for me to avoid any government agency calling my home.

ReplyQuoteReport
So_Ca_Dreaming185 reads

Cashier's check, wire transfer, or some other ways?

ReplyQuoteReport
Retired-Guy216 reads

in other situations, over time the lady feels comfortable enough to share her real name.  These financial insyruments leave a bit more of a paper trail for both parties, but it's much easier carrying 20 $1k USPS MOs than 200 $100 bills.  Plus if you are traveling domestically or internationally, it becomes a bit uncomfortable explaining why you have $25k in cash in your carry-on.  If you are headed to Vegas, it's easier to explain than if you are headed to say Austin, TX

Posted By: So_Ca_Dreaming
Cashier's check, wire transfer, or some other ways?

ReplyQuoteReport
So_Ca_Dreaming210 reads

Won't they have to report taxes if they are accepting payment through LLC? That would significantly reduce their income (due to taxes). Won't that be an issue? Or are they offshore LLC? If it is then they have a whole new problem of how to transfer the money back to US (without paying taxes) so they can spend it.

I have always been fascinated by how money work so I always like to learn more about it. I hope someday I'll meet a lady that I like so much it (what I learn here) actually becomes useful. ;)

ReplyQuoteReport
natashalynne184 reads

ReplyQuoteReport
lesbianrepellant329 reads

Can I suggest that you ask your bank what their particular procedures would be.

Hey...maybe you own a landscaping service that is strictly cash?

Or an auto mechanic?

Or a bookie joint?

Or you're paying for hookers?

Ease up on the paranoia of the $ 10k issue.  It's a painless document that is rarely used.  And all it does is report a transaction...nothing more.  It doesn't give away your business intentions.  Step out from the shadow and into the sunlight.

Now if you're laundering for a hooker...same rules apply LOL

ReplyQuoteReport
So_Ca_Dreaming258 reads

I rather stay in the shadow for this hobby or anything related to this hobby. :)

ReplyQuoteReport
sueabel69361 reads

Man, that has got to be one amazing session you are lining up :)

Care to share who its with so others can live vicariously through your efforts? :)

Posted By: So_Ca_Dreaming
I know if one is to exceed the $10k limit (cash withdraw, wire transfer, cashier's check purchase, etc.) then the fed will be noticed. I am wondering what's the fed going do. Will they contact me or my family directly? It would not be good if SO is alerted in the process.

I am also wondering is there's any notification procedure for cash withdraw with cash card, debit card, etc. For example, if you withdraw $2k in less than 5 days, will that trigger an automatic notification to the fed?

I have not done any of the above nor plan to, but I don't want to stumble into it and find out the answer the hard way.

ReplyQuoteReport
So_Ca_Dreaming295 reads

A 10 days vacation with one provider a day for a 2 hours session ($500/hr) will cost over $10k.

ReplyQuoteReport
Rayen257 reads

Just let your bank know you will be on vacation and need to withdraw funds.  They are always on high alert for fraud so if you don't let them know then they get nosy.  They try to protect you.  Just let them know so they don't pry.

ReplyQuoteReport
lesbianrepellant270 reads

That's a ridiculous way to pretend you don't want to ask your bank how to wire funds to some casino where you're staying.

Now if you were going to Bumblefuck Arkansas...sure!

Bujt to the hooker capital of the world...Learn how to wire the money to yourself.

Or...be a big boy and ask your friendly banker pal to help you.  Show him some pics of the hookers you're planning on fucking and maybe he'll have some better deals for you.  Can you say...Bell Captain at Wells Fargo?

ReplyQuoteReport
So_Ca_Dreaming242 reads

You can wire transfer money to casino, but they limit how much you can withdraw in cash. I think the limit is 10%.

ReplyQuoteReport
lesbianrepellant224 reads

At both the casino and your bank.

It's not rocket science.

It's either you're fucking hookers or gambling.  Gambling is legal in Vegas...while fucking hookers isn't.  Or something like that  :D

Hey...why not do both?

ReplyQuoteReport
crazyshit221 reads

It's a non-issue.  You could pull out $50k, and there is no notification.

That of course does nothing to address the line item on your statement, if she reads those...but that's a separate issue.

ReplyQuoteReport
sympathyforthedevil195 reads

you could always set up a line of credit with the casino. That's real easy to do.

ReplyQuoteReport
So_Ca_Dreaming293 reads

ReplyQuoteReport
London Rayne252 reads

No one should really have that much money in any account unless you are paying taxes through a legit business. I only deposit money for utilities and student loan pay offs. My mortgage is paid in cash or I have my dad write a check and give him the cash. That money is never deposited. You should only deposit what you claim you are making, and keep the rest hidden. I know women who have been busted just for putting 1k a day in...the IRS audited them, because they were not paying any taxes at all and it was a steady stream of cash.

I don't know the rules of withdrawing, because I don't have that amount to withdraw in the first place...it's in a safe. :) I would imagine withdrawing is not as bad as depositing though, but can't really be sure. I would talk to a tax attorney just to be sure. I worked for Regions bank right out of high school, and there were many transactions we had to report to a supervisor...many as low as 3k if it was on a consistent basis, and always in cash.

You should have people start writing you checks, and just give them the cash. Make sure if you give them 3k it is not just all deposited, and then given back to you...a bit obvious. You can email me if you want to know what I had to do most recently. I would prefer not to discuss in public.  My best advice would be to make sure anything you deposit is what you pay taxes on. It is not hard to get a business license.

In fact, here it is a mail in order form lol. You pay 150, they mail you a form, fill it out, and bam. In less than 2 weeks you have a business license with "Personal Services" as the category. That is the best way to go, because it covers a wide range of professions without saying what you really do in detail. I had to give no explanation whatsoever, but put "Personal Trainer" lol.

I would also talk to a legit accountant...believe there is one here lol.

ReplyQuoteReport
LuvBBB155 reads

You are correct.  The $10K limit is the "old" banking rule.  Since 9/11 those rules have been tossed out the window and the FEDS will monitor any suspicious activity in non-business accounts.  Recurring cash deposits/withdrawals are red flags subjected to statistical modeling.  Business accounts are tied back to tax payer id's.  So, it's not a matter of "if" but "when".  If it's electronic then it's more traceable than paper...

ReplyQuoteReport
ingadelrio153 reads

Related Link: http://ingadelrio.escort-site.com

ReplyQuoteReport
So_Ca_Dreaming206 reads

If your bank account has large balance then it should be safe with $7 to $8k cash withdraw (maybe once a week). At least, I haven't run into any problem yet. Once I wanted to withdraw $20k, the banker told me to break it up to smaller amount so he won't have to fill out the form. That's how I learned about the $10k limit. I usually do not do cash deposit, but I assume it's the same rule.

ReplyQuoteReport
Trefoil151 reads

Posted By: So_Ca_Dreaming
If your bank account has large balance then it should be safe with $7 to $8k cash withdraw (maybe once a week). At least, I haven't run into any problem yet. Once I wanted to withdraw $20k, the banker told me to break it up to smaller amount so he won't have to fill out the form. That's how I learned about the $10k limit. I usually do not do cash deposit, but I assume it's the same rule.
Pretty much. If you make a high salary and consistently have large deposits (like wire transfers and direct deposits) into your account, then bankers won't look twice when you want to withdraw a lot of money.

ReplyQuoteReport
LuvBBB167 reads

There are strict reporting requirements that banks observe for cash transaction reporting (CTR).  $10K is automatic.  HOWEVER, it's activity/frequency of cash transactions, particularly under the $10K limit, that will get an account flagged by bank auditors.

ReplyQuoteReport
Post Reply Back To Forum
Register Now!