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Cash. Most I ever carried to a pinball purchase was 13k when I bought Lord of the Rings and Twilight Zone together.
But my bank is funny, if I ask for more than 12k they want me to sign a document that if I get mugged once I leave the bank that it’s not their problem.
Quoted from ImNotNorm:If you refuse to sign do they refuse to give you the cash?
Good question! It is my money. I should be able to get it regardless. Hmmmmmmmmm
I’ll refuse next time and see what happens
Quoted from jgreene:Why would you even tell them? None of the banks business why you need to withdraw your own funds. Just tell them you want to burn a pile of cash for fun.
Destroying money is actually illegal. Tell em that and you might not actually get it ha ha
Quoted from ktuhde:I was told by my bank that any cash transaction that exceeds $10,000 in a single day is reported to the feds. Part of an anti-organized crime law. Doesn’t mean anything is wrong with it, but it puts you on the radar. They said if you don’t want that to happen just take out smaller amounts over multiple days before you know a big purchase is needed.
I use a local bank, so if I go in and ask for large sums of cash they ask if I’m buying a pinball machine.
FYI. They watch that too. They know if you are gaming the system by breaking it up into smaller deposits or withdrawals. Really no concern at all reporting the larger than 10k amount. It’s a money laundering thing to stop terrorism.
When will the government create a denomination greater than $100 again? I could see a $250 bill or a $500 bill maybe. Would lessen the thickness of the phat stack
Quoted from EJS:There were some pleas to get rid of the 50 and 100 a few years ago because they claimed they were mostly used for criminal activity. Bad logic and obviously didn’t stick. So we haven’t been thinking in that direction.
OMG can you imagine buying a Pirates CE in all 20’s? Talk about a phat stack lol
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