[Babbabud]

If you have any amount of cash and they come to your house and your growing illegal mj they will take the money and leave it up to you to prove where you got every penny.

Originally Posted by Babbabud

Well my wife has worked at a bank for many years Im just telling the people how the banks do it. Not sure why they would flag 3k transactions, the guys that work for me cash bigger checks then that every payday. True theres nothing to argue about .... but in this day and age with house payments averaging well over 2k i wouldnt think a 5k check is anything to even blink at. But the LAW says they will report anything 10k or over. I would say use common sense....if you dont have a bank account at that bank dont even think of cashin a check there that will throw a flag right away.

true , cashing checks is one thing. its another to walk into a bank with 5K or 10K cash though. I would recommend peol ewith large amounts of cash to not deposit it in your bank account. just an accident waiting to happen. Plus bank accounts interest rates on saving accounts sucks anyway. Which is why i think if you have a large amount of illegal cash you are better off just buying gold.

In my area ( DC metro) lots of dealers have been busted due to puttin gless than 10K in a bank. But as i sadi earlier, it really depends on bank and area. Luckily my high school friend works at a bank so I was able to go in afte closing and deposit cash . But its risky no matter what


You're a good man babba and i am glad you see i wasnt trying to argue. Our personal experiances with banks just differs







Nevermind

i only read a few stories of small closet grow people that got busted but i dont recall if anyones bank account got touched..

[youngdro]

~~~~~~

[Fatboy]

when 10k in cash is handled, there has to be federal forms sent in.

alot of restrictions on money orders too, up to 3k ok.....

and yes any amount can be flagged as suspicious......


wish i had too much cash....

[youngdro]

Originally Posted by Fatboy

when 10k in cash is handled, there has to be federal forms sent in.

alot of restrictions on money orders too, up to 3k ok.....

and yes any amount can be flagged as suspicious......


wish i had too much cash....

\


i wish i had that problem 2

[Chester]

Originally Posted by Mr. Nevermind

babba, i am not going to argue with you. However, its generally a rule that 10K and up is flagged. But any suspicious cash trasactions are also up for red flag as well. I had a friend get flagged for 3k before. It may depend on the bank and situations , but peopel shouldnt get a false sense of security if they keep it under 10k.





nevermind

I think the 3k has something to do with the "Patriot Act"... There are new penalties if banks do not report "suspicious" transactions of 3k and up. Of course the Gestapo did not define what constitutes a "suspicious" transaction, so most banks have decided to cover their asses and are now reporting everything 3k and up. There are no penalties for reporting innocent transactions...


On the issue of gold coins... 1oz Gold Eagles... You can carry them on the plane with you as they are legal US tender with a face value of $20 each... 50 (3 lbs) of them is face value of $1000... Customs might want to argue value if you were bringing them into the country, but taking them out should not be difficult.

Then put 'em in that Cayman Islands safe deposit box. When the dollar tanks, you'll have your cash stash... They won't earn any interest, but their value won't evaporate either.

[supermanlives]

buy gold and coins and bury them somewhere safe.

[billbob]

Yea that damn "Patriot Act". Boy is that a pile of s**t. They will flag you at some post offices for even near 3000 (like 2750). I got a cashier's check for my mortgage payment at my bank (but another branch) and they made me give them all kinds of info. Anyone in America lives in a police state! dont forget

[Lord Doobie]

I wonder if they monitor gold and silver sales....?
ops...missed page 2