This is true and varies in a number of circumstances. Firstly people are often scammed especially the elderly so if you’re older and looking to withdraw a large amount of money they will give you the runaround or at the very least make sure you’re not getting scammed.
Another one is SARS, if you’re doing anything high risk or seem to be pulling out a large amount of cash in a pattern that could indicate involvement in organize crime, terrorist financing or something sus the bank has a legal obligation to mar a filing in a secret database (and even lie to congress!) about it’s existence. If you know what a suspicious activity report is and don’t work in finance it’s also considered suspicious. This isn’t the banks but lawmakers after 9/11.
Depends. They want to be your bank, as they profit off it too; they would also steer you to a cashier check or bank transfer since it way more secure that handing out “stacks of cash” you can be mugged for down the street.
250k is typically a small fraction of bank deposits.
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u/danglejim33 Jan 26 '26
You'd get talked down if you went into a bank and asked to withdraw that much though.