Home | Community | Message Board
You are not signed in.
Sign In New Account
Forum Index Search Posts Trusted Vendors Highlights Galleries FAQ User List Chat Store Random Growery

Sporeworks
This site includes paid links. Please support our sponsors.

General Interest > Money Matters
Threaded Mode Threaded  Previous topic Previous  View all topics Index  Next topic Next 

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post Pages: 1
The thing with banks
    #29683770 -




Depositing or withdrawing 10K in cash moreover tends to get you put on lists of suspicious transactions, at least in the EU.


--------------------
Omnicyclion.org
personal empowerment for the world

Onehomemission.org
truly make a difference

Extras: Filter Print Post Top
Re: The thing with banks [Re: Asante]
    #29683791 -

Asante said:



Depositing or withdrawing 10K in cash moreover tends to get you put on lists of suspicious transactions, at least in the EU.


We do the same in the united states in over 2500 dallors amounts.


--------------------
The better guide to grow mushrooms.
https://www.shroomery.org/forums/showflat.php/Number/8553541

Beware the power of one.  The power of two. The power of many.

Extras: Filter Print Post Top
Re: The thing with banks [Re: Asante] * 1
    #29684026 -

This is one of the reasons I love cryptocurrency.  Custody your own assets, send them directly and nearly instantaneously to whomever you want, whenever you want.

To be fair to the banks, I manage accounts for several entities and often digitally transfer 5 to 6 figure sums between accounts/institutions.  Generally speaking, so long as there's the digital paper trail and your account has remained in good standing, the banks don't tend to have a problem complying with the request to move your money, even as it doesn't usually clear instantaneously.

It is unfortunate that there can be additional hurdles to cash withdrawals. I'd assume part of it is that banks legitimately may not carry a large amount of banknotes on hand because 1) most people don't transact in cash these days and 2) it leaves them less exposed to physical robbery.  Of course, there is likely a control issue there as well, where they want to maintain oversight over the flows, ostensibly to discourage criminal activity.


--------------------

--------------------
┼ ··∙   long live the shroomery  ∙·· ┼
...╬π╥ ╥π╬...

Extras: Filter Print Post Top
Re: The thing with banks [Re: geokills]
    #29686479 -

in the UK anything over around £4k you are going to get questions asked /flagged  , its more to do with the money laundering regulations set on the banks.

Edited by pugster (10/05/26 07:32 AM)

Extras: Filter Print Post Top
Re: The thing with banks [Re: pugster]
    #29686481 -

I keep 95% of my money in equity stocks via ETFs. I'm very diverse and up 14% this year with minimized risk. I reinvest dividends and keep next to nothing in cash.

I haven't ever had issues with banks. But when my grandma died, They held a 5k USD inheritance cheque for a long time.

XEQT is my main ETF and it does hold some financials as well as just about everything. It's 8000+ stocks last time I checked.

:cookiemonster:

Extras: Filter Print Post Top
Jump to top Pages: 1

General Interest > Money Matters
Threaded Mode Threaded  Previous topic Previous  View all topics Index  Next topic Next 

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, automan
103 topic views. 0 members, 0 guests and 1 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2026 Mind Media. Some rights reserved.

Generated in 0.021 seconds spending 0.004 seconds on 14 queries.