At what amount would you expect your bank to tell you they need a day to get together?
Assuming the funds are in your account and not pending.

Never had that problem but I'd expect over ten grand I might see some sort of delay.

Ten thousand. I have a long term relationship with my branch manager.

That sounds very reasonable. I once had to come back the next day to get the remainder of a 3k withdrawl. Needless to say, I was irritated.

Banks no longer keep a lot of cash in their branches, odds are, there's more cash in the ATM than available to the checkers. They'll tell you it is to limit losses in a robbery, but I syspect they'd rather have their cash "working" than idle in a checker's drawer.

I have found that anything over $10,000.00 you will have too wait a few days.

Some of the banks here don’t even have a “cash drawer” anymore. The tellers use something similar to an ATM. They key in the amount you want to withdraw and what denominations and the machine spits them out. Deposits are done similarly.

I pulled 5 thousand and the bank said I pretty much tapped them out of hundreds.

The small locally owned bank I do business with asks that you give them at least a day's notice if you'll be needing more than $5K. It's not that they don't have it on hand, but they keep cash on hand based on their average needs. If you tap them out, they may not have enough for the next guy.

I always joke that every other part of the bank keeps more cash on hand than the tellers do. The safe deposit boxes and ATM both have far more available.

Once upon a time I used to assist a friend in handling his Christmas bonuses for employees which was equal to one week's salary in cash stuffed in a card. Usually $120 to $150K. His secretary would call in the order in advance, and then I'd drive down with her to pick it up. Bank of America made us each sign liability waivers before they would give us the cash in the event one of their other customers wanted to shoot us and take it.

There's a Youtube guy who wanted to buy an exotic car with one dollar bills. In addition to having to order it in, he had to visit several branches to pick it up. Many banks no longer have walk in vaults, and their insurance prohibits them from keeping cash outside the safe they use. The branches could each only handle so much before they no longer had the space in the safe.

My credit union has always said to give them notice for anything over $2,500. I’ve never tried. Just a couple of weeks ago, I was having an issue with a personal check (payable to me) and deposit availability at my other bank (Capital One), so I went over to M&T, on which the check was drawn, and where I do NOT have an account, and much to my surprise, after verifying the funds, they were able to hand me the entire $5,800 in cash. Didn’t even charge me a fee, but asked me to consider moving my business there. I was impressed.

-Rob

My daily ATM limit is $3010. Extra 10 so I can use a competitor ATM and have enough room for the fee. My bank reimburses atm fees if incurred. I work for the bank and asked the branch manager for a big limit when I was doing my remodel and paying for everything in cash a few years back every Friday I’d hit the ATM for 1k+ at least. To pay my contractor. It’s also come in handy at my local gun shop. They have an ATM machine int heir shop and give a cash and credit card price. Pulling out 1k-2k in 20’s can be interesting but saving $50 is better for me.

I also have clients who have as much as 10k daily ATM limits based on what they maintain in checking. We have had clients ask for very very large cash withdrawals like 20-50k before. Takes an extra day. Of course CTR’s are filed per regulation but we are more scared of their personal safety with that kind of bankroll. We will take them into a private room with at least 2 bank employees to witness and count it. Vs out in the open and any old creep in the office can see it

Way back in the 90’s when I was a teller we had a merchant that would routinely deposit 20-40k on Tuesday after a 3 day weekend. After a while the thrill wore off. It was just paper. I’ve sat at tables counting upwards of 500k in currency with other employees and just thinking. Wow. There’s a house. Oh well. And then wash hands after cause that much money is filthy.

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Years ago I worked for a very wealthy guy in Miami. We were getting ready to take the boat north to Nantucket for the summer. I had to go down to the bank for petty cash for the trip. I walked up to the teller and handed her a check for $40,000.00. She asked me to wit while she got some more cash I asked her to call the manager so we could do this in private. Talk about a tight rear end until I got back to the boat....

Wells Fargo turned me away once. They said I have to give them three days notice so they can order bills.

I feel that, if you have my money you should give it to me on demand but it's not realistic nowadays.

Unmarked bills, no dye pack please.

Usually twice a year I pull $10,000 out of the bank and I have never had an issue. The first time I did it there was two guys from the bank that came outside and stayed there until I was driving off in my car.

My bank is massive and I don’t think I have ever been in there with more than 3 customers and never anyone under 50. They way overbuilt the bank but I guess since it was built before online banking maybe the demand was bigger. Not sure though.

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Originally posted by Nickelsig229:
I feel that, if you have my money you should give it to me on demand but it's not realistic nowadays.

It never was. At no point in history did a bank ever just take all of their customers' cash deposits and put 100% of it in the vault to just wait around for whenever they might want it back.

That's merely a storage service, not a bank.

Even back in the simpler olden days of single branch local banks without any interconnected banking system, much of the money a bank took in on deposit was in turn loaned out.

These days, it's even more complicated, with banks investing a large percentage of their deposits in a variety of non-liquid assets, like real estate, stocks, and bonds. Even beyond each individual bank branch physically lacking large amounts of cash on hand at any given time, the parent bank institution itself literally doesn't have the liquid assets available to meet extremely high levels of unexpected withdrawal demand. (Hence why a bank like the recent Silicon Valley Bank example can fail from a bank run, despite still having billions in assets on their books. It comes down to lack of sufficient liquidity, rather than actually being "broke".)

I'm not comfortable with large cash. I think if I had large cash on my person the look on my face might give me away, some robbers can read the minds of their prey. Don't get me wrong, cash is still king, ultimate liquidity and all that, other things being equal.

So... if you withdraw large cash, is it guaranteed to be free of counterfeit, or does it depend on the amount of the transaction, the bank, or the region etc. ? Just curious.

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Originally posted by RogueJSK:

quote:

Originally posted by Nickelsig229:
I feel that, if you have my money you should give it to me on demand but it's not realistic nowadays.

It never was. At no point in history did a bank ever just take all of their customers' cash deposits and put 100% of it in the vault to just wait around for whenever they might want it back.

That's merely a storage service, not a bank.

Even back in the simpler olden days of single branch local banks without any interconnected banking system, much of the money a bank took in on deposit was in turn loaned out.

These days, it's even more complicated, with banks investing a large percentage of their deposits in a variety of non-liquid assets, like real estate, stocks, and bonds. Even beyond each individual bank branch physically lacking large amounts of cash on hand at any given time, the parent bank institution itself literally doesn't have the liquid assets available to meet extremely high levels of unexpected withdrawal demand. (Hence why a bank like the recent Silicon Valley Bank example can fail from a bank run, despite still having billions in assets on their books. It comes down to lack of sufficient liquidity, rather than actually being "broke".)

I completely understand everything you said, yet I still have that old world mobster mentality. It's not practical but I guess having grown up poor, I can't shake the coveting of my cash.

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Originally posted by wrightd:
I'm not comfortable with large cash. I think if I had large cash on my person the look on my face might give me away, some robbers can read the minds of their prey. Don't get me wrong, cash is still king, ultimate liquidity and all that, other things being equal.

So... if you withdraw large cash, is it guaranteed to be free of counterfeit, or does it depend on the amount of the transaction, the bank, or the region etc. ? Just curious.

The bank checks every dollar deposited. They run it through the counting machine which sorts counterfeit bills. I saw someone at the bank last week who had deposited a few thousand dollars and one 100 dollar bill was flagged and they told her. She wanted it back but they confiscated it and she's out that 100.

Nothing is 100 percent for sure but getting cash from a bank is as close as your going to get for not getting counterfit bills.

I pulled $6k the other day and the bank had to dip in to their $20s ($2k worth), apparently I cleaned them out of $100s and $50s.

I get very irritated with banks and their bullshit.