Bank acts suspicious....so funny!

This is more on the humorous side. Since I've received large amounts in royalty and pipeline checks my bank acts so "suspicious" as to where this money is coming from. I've been asked numerous times if I get these checks regularly or if I was expecting to get this check. They act as if I received a bogus check in the mail and I'm trying to deposit it. It's so funny. Sometimes I'll bring large amounts of $20's (thousands of dollars worth) and exchange them for $100's and I get the same reaction. Do they think I'm money laundering? It's so funny. Hey bank people, get with the times because you will be seeing "big checks" all the time.

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Permalink Reply by bo boboski on May 1, 2015 at 6:41am

The Gubment wants to make sure they get their tax $$$ out of it.Then the want to track whats left to see if maybe they can tax it again!

Permalink Reply by Donald Eisenbarth on May 1, 2015 at 6:57am

That and a desire to know and control every facet of your live.  After all "We the People" are the enemy of a Draconian Government.

Permalink Reply by bo boboski on May 1, 2015 at 8:51am

"we{the working} people" in this country,cant be the enemy because we supply their $$$!

Permalink Reply by Joseph-Ohio on May 1, 2015 at 9:22am
I think they think the $'s origin is the government and not the people.

If they want more money they cause it to be printed and put into circulation - then everything costs more - inflation. You know flood the world with dollars (like SA floods the market with oil).

Next step (or perhaps simultaneously) is to give themselves raises and tax the population at will and look for any excuse to do so.

How does it go again ?......Devalue the dollar / put more dollars into circulation, grow the government bigger and more expensive, give themselves raises, tax the population, and look for something to blame it all on / cover your tracks. The people will never catch on (because they're not bright enough to catch on). And so what if the people do - we (the government) rule - the people have 'elected' us (they say to each other).

Nice way to make a living if you can find an opening.
Permalink Reply by Joseph-Ohio on May 1, 2015 at 9:43am
That appears to me to be the way the machine runs anyway.
Permalink Reply by Joseph-Ohio on May 2, 2015 at 1:03am
Oh yeah - forgot a very important step - once seated / empowered they legislate / do what their contributors / benefactors want them to do.
Permalink Reply by Frank Walker on May 6, 2015 at 1:08am

Well, Renee . . . 

Now you know why I wrote (above) that the terrorists have won!

Permalink Reply by Renee E. Dorsey on May 6, 2015 at 4:50am

Frank, you are preaching to the choir here.    Scoundrels - the entire Den of Criminals (DC) needs cleaned out.  

Permalink Reply by Richard Kubas on May 5, 2015 at 4:08am

Here is a good one! Decades ago an old timer in Oklahoma started getting massive royalty checks from an oil company, after six months went by a company rep came by and asked him what he did with all the checks they sent and he said they were on the mantel above the fire place. Apparently he was screwing up the book keeping so the rep took the guy to town and opened a bank account for him deposited all the checks and gave him $5000.00 in cash. Six months went buy and the rep showed up again and asked where the checks were and he again said on the mantel and when asked why he didn't cash them his reply was I haven't spent the $5000.00 you gave me last time.

Permalink Reply by Carl Krebsbach on May 5, 2015 at 3:50pm

Same here!  "What is this for??"

They have to report transactions (esp cash) to the IRS for suspicion of either money laundering for drugs or funding terrorism.  Some people have actually had money seized:

http://www.businessinsider.com/the-irs-can-seize-your-cash-through-...

The IRS Can Seize Tons Of Your Cash If You Deposit It The Wrong Way

The IRS is using a controversial policy known as civil forfeiture to seize huge piles of cash from Americans' bank accounts even if they've never been convicted of a crime, according to the Institute for Justice, a public interest law firm.

The Institute for Justice is challenging the IRS' use of civil forfeiture, which allows the government to seize assets it suspects have been illegally obtained. It's often local police departments that seize people's cash, but the IRS has also used civil forfeiture law to take money directly from bank accounts, as The New York Times reported this weekend.

All you have to do to capture the IRS' attention is make multiple large deposits that are less than $10,000 in your account.

Banks that get deposits of more than $10,000 have to report those deposits to the federal government. A person who purposely tries to evade these reporting requirements is guilty of a crime known as "structuring" (or "smurfing.") It's a crime to purposely duck these reporting requirements even if the money comes from a legal source.

If the IRS even suspects you're guilty of restructuring, it can take your cash. The problem is that people, especially small business owners, could have other reasons for making large deposits under $10,000.

For instance, a Michigan grocery store owner made large deposits because he had an insurance policy that only covered up to $10,000 in cash, The Times reported.

And Carole Hinders, owner of an Iowa restaurant called Mrs. Lady's Mexican Food, said she made large deposits under $10,000 because her mother told her the bank had to do "extra paperwork" if she made deposits over that amount.

One day in August, two federal agents knocked on Hinders' door and told her they'd cleared all $33,000 out of her bank account. Now, the Institute for Justice is representing Hinders in her efforts to get that money back. Here's how the Institute for Justice summed up her defense:

In her defense, she will show that she had no intent to evade the reports that banks must file with the U.S. Treasury concerning cash transactions greater than $10,000. Rather, she had legitimate business purposes for her banking practices. Because her restaurant does not accept credit cards, and because it is unsafe to accumulate substantial cash on her premises, she goes to the bank often to make smaller cash deposits. For more than 30 years, she has kept her bank deposits to less than $10,000 because she was told that larger deposits cause an inconvenience to the bank. She had never heard of the term “structuring” until federal agents knocked on her door last year to tell her they had emptied out her bank account. But it’s not illegal to run an honest cash business, and Carole Hinders is not a criminal.

Between 2005 and 2012, the IRS seized more than $242 million in "restructuring" cases, according to the Institute for Justice. In response to the recent Times article, the IRS said that it would cut back on forfeiture in restructuring cases and focus mostly on cases where the money was illegally obtained.

However, that policy shift won't apply retroactively to cases like Carol Hinders'. The new policy also doesn't change the law on restructuring. If leadership at the IRS changes, the agency could change its policy again to be more aggressive.

Permalink Reply by Brett on May 6, 2015 at 2:26am
It may not be as humorous as it seems. The federal government requires banks to report large (especially cash) transactions to the IRS and even to local law enforcement in certain instances.
http://finance.zacks.com/federal-banking-rules-withdrawing-large-su...

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