Bank Tellers sketching me out,

I always do cash deposits, and never in big amounts (1000+) but sometimes I do make frequent deposits, more then once a week, and I normally use the same bank. I know buying bitcoin isn't illegal, although many banks frown upon it. But the bank tellers always seem to be nosy, and I'm just wondering if they have any power to report you to anyone for suspicious transactions? I know its probably just general paranoia which isnt a bad thing in this field. But I'm just looking for some assurance they have no power to report me if I'm not setting off alarms with overly large deposits. Any input would be great.


Comments


[32 Points] Peace2Cee:

One of my banker teller is a girl and she asked me one day why I have multiple transactions of over 1k into bitcoins, lmao she looked at me and smiled and I just said I invest into them.. (lol)

They don't care dude, just if they ask say you invest or someshit, she was cool about it; she asked just because I go to her a lot when I deposit and she always talks with me asking if I;m staying out of trouble and shit, shes really cute too ahaha, wish I was older (;


[29 Points] PhLUPhH34D:

Use a bank that has ATMs that accept cash deposits.


[9 Points] chemistrythr:

If you are depositing too much cash then the bank's automated systems will flag you. It doesn't matter how you structure the deposits.
Use different bank accounts, paypal account, prepaid debit card etc. for your cash


[7 Points] sometimesImanidiot:

Yes they can and will report you. The offense is called "structuring". All transactions over $10,000 must be reported to IRS on standard reporting system. But if a bank suspects that you are making multiple sub 10,000 transactions to avoid that reporting they are also required to report that.

The IRS has been known to freeze and seize bank accounts based on this alone.

It doesn't matter that it's bitcoin. Our benevolent government takes a dim eye of any cash transactions of any value. They would probably assume it's drugs or prostitution.


[2 Points] None:

Since bitcoin isn't illegal what can they do? Seriously what in the fuck can they really do to you?


[2 Points] maywest44:

My best advice is to be a friendly as possible (note: this seems to go far in life as a general rule ! lol), and already have a few evasive responses prepared. Most tellers are just peeon's trying to make chit chat while doing their job. I know what you mean though, most of the times I make a large cash withdraw I'll get comments like "so, going on vacation ?" and while I'd like so say "fuck off - it's none of your business" I'll just laugh and say "nah, I wish - stupid car repairs again !". When you befriend people, they generally don't want to bring you any harm - so just be chill.

Other than that, just be aware of the IRS 10K rule, where banks are actually required to report any transactions over $10K. In short: I wouldn't worry about - just be aware ;)


[2 Points] I5uEQKrv4u5KR3fb7yyC:

"never in big amounts (1000+)" .... "I'm not setting off alarms with overly large deposits"

You even know youre not depositing big amounts but still worrying about it. Just remember that its a bank people go in there everyday depositing hundreds to thousands of dollars.


[2 Points] ReneeDeVillefort:

To answer your question, yes, they can report you and you'll never know as they're required by law to not inform you. And even if they falsely report someone, they're still covered by law. Now, will he or she report you? Just act like a regular dude and most likely not. Also switch up the locations you're going to (not that it would prevent a system from flagging you). I think you're fine though.


[2 Points] Psynaut:

Yes, they absolutely can.

A SAR (Suspicious Activity Report) can be generated by a Teller or Banker if they suspect you of Structuring, Money Laundering or Terrorism, and they absolutely do report people who seem suspicious. This can be done regardless of the amount of money, type of transaction or any other circumstances; it is at the discretion of the employee.

Also, over $10,000 in cash in a single day, and they are required by law to report it via a CTR (Cash Transaction Report).

Any Money Order or Cashier's Check over $3,000 is recorded via a Monetary Instrument Log (MIL), and provided to the government upon request.

source: my friend's dog has worked in banking for a long time.


[1 Points] miototal:

Just put on a resting bitch face, they may not be quite so nosy. If they ask I just say I'm paying a buddy back.


[1 Points] thatnicca21:

Do they ask you questions? she's probably just jealous that you deposit more in a week than she makes in a month..

But yeah I would suggest finding a bank with smart ATMs, just deposit cash in there and you wont have to deal with anybody.


[1 Points] None:

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[1 Points] 180K:

Just don't act shady or nervous. Does the teller ask for your ID? Mix up bank branches and times.


[1 Points] Dick_Problems_:

They shouldn't be nossey and ask questions.

If they do ask just say it's personal. People normally respect your privacy when you say that.


[1 Points] FreshestNuts:

You need to start going to a bank where they don't require ID (EX: Suntrust).....much better than BoA / wellsfargo. In my area atleast, they don't give a flying shit I deposit just under 10k a week and never get asked a single question and never have to give them my ID. Of course I use different banks every week and not a specific schedule, but what bank you use makes a huge difference. You have to remember half of those "lbc vendors" are fucking LE asking for a photo of your ID so they can further fuck you in the arse.


[0 Points] None:

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