- Will the bank ask where you got money?
- Can the IRS look at your bank account?
- What information can bank tellers see?
- Are bank tellers allowed to date customers?
- Can you keep money accidentally paid into your bank account?
- Is it a good idea to have multiple bank accounts?
- How much cash can you withdraw without reporting to IRS?
- How do I withdraw money from teller?
- Can bank employees see your accounts?
- Why would a bank teller ask your occupation?
- Why do banks ask why you are withdrawing money?
- How much cash can you get from a bank?
- How much money does a bank teller hold?
- Why do bank tellers ask so many questions?
- Is it OK to have 2 bank accounts?
Will the bank ask where you got money?
Yes they are legally entitled to ask how you got it in case you are evading tax.
It is also part of the EC Money Laundering Laws.
It is a requirement that banks ask.
Not their fault contact the EC..
Can the IRS look at your bank account?
The Short Answer: Yes. The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in reality, the IRS rarely digs deeper into your bank and financial accounts unless you’re being audited or the IRS is collecting back taxes from you.
What information can bank tellers see?
Registered. I am a bank teller. I can see pretty much everything – Chequing/Savings accounts, TFSAs, Mortgages, Loans, Credit Cards and Investments (Although most tellers have limited access to IA details besides the dollar figure because it’s not required of us to discuss things like that on the front line.
Are bank tellers allowed to date customers?
Depending on how often you do your banking, this can sometimes take months, and that’s okay. But you really need to be a regular customer before a teller would ever consider going on a date with you. There are too many security things and safety things to consider.
Can you keep money accidentally paid into your bank account?
In a nutshell, no. Legally, if a sum of money is accidentally paid into your bank or savings account and you know it doesn’t belong to you, then you must pay it back.
Is it a good idea to have multiple bank accounts?
Depending on your financial goals, you may find that it makes sense to have more than one bank account. Having multiple bank accounts can make it possible for you to have consistent access to the cash you need for everyday expenses while enjoying the best interest rates available in the marketplace.
How much cash can you withdraw without reporting to IRS?
The U.S. Department of the Treasury, not the IRS, requires banks to report deposits and withdrawals of $10,000 or more from any savings account.
How do I withdraw money from teller?
Withdraw Money From the Bank In Person You can also withdraw money by going into a branch and talking to a bank teller. Most of the time, just like an ATM, you’ll need the card associated with the account you wish to draw from, as the teller will run the card, and also request that you enter your PIN, to access funds.
Can bank employees see your accounts?
Unless a teller had access to your personal identification information, then they wouldn’t be able to look up your account information. There are, however, employees in a bank who’s line of work involves your bank balances and information. … Also, banks keep very close track on who views an account.
Why would a bank teller ask your occupation?
They ask what you do because the banks control everything. They wanna make sure they didnt lose out on a piece of that 20k you have….they wanna know where when and how you got it because they want to keep it all for themselves!
Why do banks ask why you are withdrawing money?
It’s mainly for security purposes. The big reason is: Under the Bank Secrecy Act (BSA), the government wants to make sure you’re not exploiting your bank to fund terrorism or launder money, or that the money you’re depositing isn’t stolen.
How much cash can you get from a bank?
Tips. Although there is no specific limit to the amount of cash you can withdrawal when visiting a bank teller, the bank only has so much money in its vault. Additionally, any transactions over $10,000 are reported to the government.
How much money does a bank teller hold?
US bank tellers never have more than $5,000 in their drawers at any given time by FDIC/NCUA mandate. The way to get a big score is to hit a major branch or a bullion repository and to do it professionally and ruthlessly.
Why do bank tellers ask so many questions?
Yes they are required by law to ask. This is what in the industry is known as AML-KYC (anti-money laundering, know your customer). Banks are legally required to know where your cash money came from, and they’ll enter that data into their computers, and their computers will look for “suspicious transactions.”
Is it OK to have 2 bank accounts?
As long as you can manage the accounts, there is no problem opening as many accounts that best fit whatever your needs are. At the bare minimum, we recommend getting at least two accounts, one for checking and the other for saving.