NTers who work at banks I have a few questions.....

davizzy said:
Any CASH deposited or withdrawn above 10,000 the teller fills out a CTR, not the customer. Eg. Deposit or withdraw 10,000.01, the teller fills one out. This gets sent to the bank back office and they will investigate if they find it suspicious. If it's legal money nothing to worry about. And if you are thinking of splitting the CASH deposits up to different days or different banks that's called structuring. If it's illegal money and the banks catch on you will get caught up.
What's the big deal about depositing the entire amount?
Click to expand...
I said the same thing.  There's more to this story that isn't being told...
 
nawghtyhare said:
See like I have all these accounts
But I just never trust banks
And now I have too many Nike shoe boxes
Filled with cash
Everytime I get paid I take money out
I only put money in the bank to pay bills
But now I have too much money just chillin in the house something can happen
From robbery to fire or whatever
And just wanna put it up
Where it will be "somewhat" safe
Click to expand...

LOL This is funny. All serious, about how much do you have sitting around in physical cash. No bull
 
What time does security go on breaks, what cameras are dummies, and which cameras and areas are blind spots?
 
Scratch the deposit box. You can't put cash in there. It's illegal.

Per my girl it's because you're taking it out of circulation.
 
Ok I have another question
What if I transfer $20,000 from my account
To someone else's account within the same bank
Or vice verse
Anything extra to come of it
Will those ctr's or what ever be needed
Or since the funds were already in the bank
Nothing will come of it
 
nawghtyhare said:
Ok I have another question
What if I transfer $20,000 from my account
To someone else's account within the same bank
Or vice verse
Anything extra to come of it
Will those ctr's or what ever be needed
Or since the funds were already in the bank
Nothing will come of it
Click to expand...

I used to work at Citibank for 5 plus years. CTR's are only for cash transactions. So a transfer to another bank acct would not promt a CTR. For example, I withdraw $10k and give the teller an account number to transfer the money to.
 
BigPat630 said:
nawghtyhare said:
Ok I have another question
What if I transfer $20,000 from my account
To someone else's account within the same bank
Or vice verse
Anything extra to come of it
Will those ctr's or what ever be needed
Or since the funds were already in the bank
Nothing will come of it
Click to expand...

I used to work at Citibank for 5 plus years. CTR's are only for cash transactions. So a transfer to another bank acct would not promt a CTR. For example, I withdraw $10k and give the teller an account number to transfer the money to.
Click to expand...
Oh ok cool
So transferring over 10k is cool
It's when depositing that type of cash all that hoopla happens
Cool
 
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