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Originally Posted by Theodor S. Geisel
I remember that some bankrobber got tagged because he paid for a house with cash. I'd get a check just to be on the safe side. At least you'll have a method to trace.
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This was probably due to the fact that the guy paid with mark bills, tried to put more then 10k+ down, had prior felony convictions. Bank robbers rarely don't have prior convictions before they commit the act.
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Originally Posted by Theodor S. Geisel
That's the only smart thing to do. People ask a lot less questions when you buy a house with a cashier's check. That tends to mean you have a relationship with a bank.
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No it doesn't it usually means you have that amount in your bank account.
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Originally Posted by woj
Any cash transaction over certain amount ($5k I think) sets off red flags. Even if you buy a car the fact that you paid for the car with cash gets reported to the governement, at least that's how it's done in the US.
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Thanks to the patriot I heard it was as low as a 2k cash deposit. I know when I make big cash deposits for some reason the bank tellers go in the back or to do a bigger dollar exchange :X
Also the whole car thing I find BS. I spent 7k cash on a car with 3k in hundreds wrapped in a rubber bands and 4k in 20's wrapped in a rubber band. The following month my friend bought a car with 8k cash. Been a while now and no probs. I know a guy that was car salesman for 15 years and he would say drug dealers would spend 18k cash on cars and no problem. They just wanted to get the money and the car out of there.
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Originally Posted by ProjectNaked
When I was at the bank yesterday, a guy was depositing a $139,000.00 check - he wanted to put 130,000 in and get 9K back in cash. The tell was asking all kinds of stupid questions. Was that you?
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Yes, at first I wanted 9k in silver dollars and gave me a hard time. So we finally agreed on 4500 $2 bills.
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Originally Posted by baddog
$9,000 cash is a PITA, and puts them at risk just getting it to the bank.
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http://www.urbandictionary.com/define.php?term=PITA Damn I learn something new every day.