Are these state chartered banks or federally chartered ? FDIC ??

Is this the same bank you & I have been talking about ?

Yes

OK. Makes sense

I went in on a wed to cash, gal said they order cash on Tuesdays for a Thursday delivery so I had to wait until the next Thursday for 7700.

That really is amazing. They must have a very small depositor base.
Heck 3000 is walking around money in Alaska. I think your bank wouldn't last long in a larger community............

Of course my community has no bank at all LOL ! Not enough customers would be my guess in both locations.

I hear ya!

Heck, she had to look to see if she could cash my small check, lol.

We're use to it, if ya want cash, call ahead!!

Oh!!!

We had a meeting with my accountant before noon and the topic of getting less than 10k out at a time so you don't have to fill out a form came up. She thinks the feds are lowering the amount down but wasn't sure.

Cash is under attack.

I haven't read anything about a change to the 10K policy BUT......it can depend on where you bank and the balance in your account.
I could easily see your small bank issuing a CTR ( currency transaction report) even if you make a 5K deposit or withdrawal or several smaller deposits/withdrawals that are greater than they usually see or are greater than your average account balance

"Structuring" deposits or withdrawals will be noticed. More readily at a smaller bank

Cash is already illegal. LE routinely steal it forcing the owner to prove it was earned legally. Just like Income tax the burden of proof is on the accused and rarely if ever, even if the victim is legit, are legal expenses compensated

Bank apps are among the most vulnerable targets for hacking. It says here that about 80% of mobile and banking websites are susceptible to cross-site scripting attacks.
This is a major concern, guys. So, monitor your accounts regularly. You never know what might happen.

I cringe every time some place wants to tap my info then ask if they can save it, NO!

Yup..my wife got hacked by a couple grand two weeks ago. The bank stopped it.

Pretty sure $3000 would be confiscated in Nebraska.

Anything over 600 bucks gets reported. Passed in one of the last budget bills. Think it was the same one with the 82,000 new IRS armed agents.

Not correct.

You are confusing this with the 1099-K requirement for third party transactions. That was delayed last November . Implementation will be this tax year unless they delay it again.

The dollar amount for SAR reports from banks is still 10,000.


https://www.cnbc.com/select/irs-600-reporting-rule-delayed/

One would think they would index those figures for inflation. 10k ain't what it used to be

Major hospital here got ransomware and ended up having to pay who know's what in order to get their employee and patient files back! FBI and everyone one else couldn't hack the hacker doing it. Guess they are too busy rummaging through panty drawer's to worry with stuff like that.

What make you believe it was not the FBI bad everyone else doing the hacking to begin with?