Bye, Citibank!

[Irving]

I think the correct answer should be, "I borrow money from people, then loan it out to other people at a higher interest rate than I originally borrowed it. Whatever that is called."

[68Charger]

I haven't had this asked of me- this a recent Colorado law? Because my wife just deposited $500 in cash here in TX and wasn't asked any silly questions.

One could have all kinds of fun answers for crap like this...

Bovine Scatologist
Uradumb Bureaucrat (a message for someone reading the entered information)
Pornography Historian
Freelance Sperm Donor
Cat Herder
Personal Impersonator

gotta come prepared tho, the best ones don't just come to you at the moment- unless you're like Robin Williams

[Jer]

I haven't had this asked of me- this a recent Colorado law? Because my wife just deposited $500 in cash here in TX and wasn't asked any silly questions.

No law exists requiring this. They claim that most banks are voluntarily making policy changes in the name of heightened security to keep the government from stepping in or some crock like that.

[crays]

I have to show ID whenver I deposit ANY amount of cash, or otherwise, in person. No one other than myself can make deposits in my account either. Assinine policy for sure.

ME: Honey, could you drop this $300 in my credit union account, since you're going to be right across the street?
HER: Sure thing dear.

HER (Later): Sorry. They wouldn't let me make a deposit, cash or otherwise, because I am not on the account.

True story...

[68Charger]

No law exists requiring this. They claim that most banks are voluntarily making policy changes in the name of heightened security to keep the government from stepping in or some crock like that.

glad my bank isn't that stupid... but they do have a worthless non-compliant no-guns sign out front... which means nothing in the state of TX, unless it has specific 30.06 (concealed) or 30.07 (open carry) verbiage.
So I carry concealed in there whenever I go... their interest rates on checking accounts are way better than anything I've seen before.

[Ah Pook]

Used to be federal law was $5000. Is $500 limit state, federal or bank?

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).

[kidicarus13]

Used to be federal law was $5000. Is $500 limit state, federal or bank?

Are you thinking of the Currency Transaction Report reported to FinCEN for each transaction of $10K or more?

[Ah Pook]

Are you thinking of the Currency Transaction Report reported to FinCEN for each transaction of $10K or more?

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.

[Irving]

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.

Criminal.

[BushMasterBoy]

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