Bye, Citibank!

[crays]

eff US bank for the $5 fee for cashing a check over $25 written on their bank without an account. Go to a credit union. eff them twice. X3

This fee is waived for veterans and first responders.

Just sayin'

[crays]

Not sure. On a few occasions I have had to deposit large sums of cash at my FCU. I was told that cash deposits over $5000 had to be reported to the govt. (not sure what dept). So, I made several $4999 deposits and all was fine. This has been a few years ago.

I was told the same about cash withdrawals $10k and over several years back. Although a coworker withdrew $20k cash less than a year ago, and all they said was, "please give us a day or two advance notice, so we make sure to have the cash on hand". No paperwork, nothing.

Who can keep up with all the rules, regs and changes?

This was a CU, BTW.

[BushMasterBoy]

This fee is waived for veterans and first responders.

Just sayin'

They never offered me that...eff them 4X

[Irving]

I was told the same about cash withdrawals $10k and over several years back. Although a coworker withdrew $20k cash less than a year ago, and all they said was, "please give us a day or two advance notice, so we make sure to have the cash on hand". No paperwork, nothing.

Who can keep up with all the rules, regs and changes?

This was a CU, BTW.

I've done the same more than once and I think they just asked for ID. That doesn't bother me at all, since I want them to make sure it is really me that is taking money OUT of my account.

[NFATrustGuy]

I was told the same about cash withdrawals $10k and over several years back. Although a coworker withdrew $20k cash less than a year ago, and all they said was, "please give us a day or two advance notice, so we make sure to have the cash on hand". No paperwork, nothing.

Who can keep up with all the rules, regs and changes?

This was a CU, BTW.

I believe $10k in cash triggers a reporting requirement. They’ll also fill one out if it looks like you’re trying to avoid triggering the requirement by making multiple large transactions within a short period of time. I prefer to buy stuff for cash, so I know my name appears on many of these reports. I figure that after a while, the abnormal becomes normal and they won’t even pay attention... “Oh, that guy does that all the time.”

Couple of Wells Fargo stories:

They kept trying to engage me in “what are you planning to do” discussion as I’m walking out with large amounts of cash. I politely told the teller that I wasn’t going to answer any such questions. I then found the branch manager and told him that questions like that were really stupid and could expose the bank to potential liability and suspicion if someone suffered a burglary or mugging after visiting the bank. I have no idea how their system works, but I no longer get these kinds of chatty questions AT ALL. There is peace in the universe! :-)

The other disturbing experience I had was last fall when I went in for less than $20k in cash to buy a used SUV. I had been saving for the vehicle for quite some time and the money had been sitting there for months... seasoning wasn’t a concern. They didn’t have enough cash to satisfy my request. This was just a normal Friday at 2pm. Nothing special was going on in the world. This was a pretty big wake up call to me. I had to go to 3 different branches to get my money. I was pissed and told them I wanted to clean out all my accounts to leave a minimal balance in each. They said they needed a heads-up to have the cash on hand. I made an appointment the following Thursday. I went in at the predetermined time and they claimed they didn’t have the cash. I told them that if I walked out without it, I was going to sit in the parking lot and figure out who is the regulatory body for banks in Colorado and start making phone calls. They found the cash.

I can’t imagine what could happen if something crazy happened and a bunch of people wanted their money all at once. I’m also a bit concerned that we’re becoming increasingly reliant on electronic funds and records. What happens when North Korea figures out how to wipe out our banking records. How many of us can prove to our banks that we had $1086.56 in our checking account before Kim Jung Prepubescent wiped out the records?

[Madeinhb]

https://www.navyfederal.org/

For those of you who are veterans, Navy Federal Reserve Credit Union, now accepts veterans as members.

They only used to take active duty and retired personnel, but they changed that policy in February of 2017.

They have excellent interest rates on mortgages and cars.

personal loan interest rates are a bit high.




Sent from my iPhone using Tapatalk

This is who I bank with now. Also if you are family of military who has Navy Federal - you can sign up.

[Rumline]

I love Navy Federal. They have a lot of locations nationwide, and worldwide (most all Naval bases). Even in Bahrain I was able to take care of (in person) some crap that came up. Plus they pay ATM fees, even at foreign ATMs.

Not a fan of Ent...several instances of poor service from them. Security Service and Air Academy FCUs gave me good service when I was with another regional CU, prior to joining NFCU.

[TFOGGER]

That's the law. Any time they deal in $500 or more in cash they have to ask you what you do for a living because drug dealers are going to be honest and that way they can catch them. Eventually cash will be outlawed (and then we'll all do business based on the mark stamped on our hand or forehead).

Horsefeathers. The minimum amount of cash for any transaction that requires any reporting is $3000 under federal law (purchase of money orders). Several banks have established POLICIES that require their employees to ask stupid questyions, but it ain't the law. I deposit cash from my shop into my business account all the time (from hundreds to thousands at any one time), without ever identifying myself, or most times, even taking my motorcycle helmet off. Chase screwed themselves out of doing business with me because of their asinine policy, as they would not let my wife deposit $250 into our business checking account without ID, even though she was a signer on the account. Our other bank had no such policy.

[kidicarus13]

Couple of Wells Fargo stories:

They kept trying to engage me in “what are you planning to do” discussion as I’m walking out with large amounts of cash. I politely told the teller that I wasn’t going to answer any such questions. I then found the branch manager and told him that questions like that were really stupid and could expose the bank to potential liability and suspicion if someone suffered a burglary or mugging after visiting the bank. I have no idea how their system works, but I no longer get these kinds of chatty questions AT ALL. There is peace in the universe!

Everytime I go in to WF to withdrawal > $300 I get the 1000 questions routine. "What are you buying?" "What are your plans this weekend?" Etc. I'd rather stop at an ATM 5 times @$300ea rather than be interrogated over my $1500 withdrawal.

Ya, I know I don't look like I could possibly have $3000 in my account, but I do. And no, it's not your business to know what I'm doing with it.

How do I increase my ATM withdrawal limit?

[Madeinhb]

Everytime I go in to WF to withdrawal > $300 I get the 1000 questions routine. "What are you buying?" "What are your plans this weekend?" Etc. I'd rather stop at an ATM 5 times @$300ea rather than be interrogated over my $1500 withdrawal.

Ya, I know I don't look like I could possibly have $3000 in my account, but I do. And no, it's not your business to know what I'm doing with it.

How do I increase my ATM withdrawal limit?

I'd respond - it's none of your business how I spend my money. Why are you asking? I'm sure that would go over well haha