SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Amy J who wrote (17412)2/17/2004 10:22:39 AM
From: TradeliteRead Replies (1) of 306849
 
<<wrote out a check in the amount of $9,999.00. .... what's he trying to hide? >>

Probably nothing. He just doesn't want his funds held for the required number of days before the funds can be used.

I run into the "hold" period every time I move money around from different banks. What's odd, however, is the written notice I receive in the mail days later saying I won't have access for the funds for a certain number of days. I know the rules, but probably other people get caught unaware from time to time. The tellers at the bank don't necessarily warn people of this.

I'm not sure, but I believe if you make a purchase in cash of $10K or more--such as a car-- it also gets reported to the FBI. It's an anti-money laundering thing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News