well i use Heritage , but then i don't take out large amounts of cash ( since i bought this farm )We are sharing similar stories here, so:
Can anyone recommend any Australian bank which DOES NOT do these bull****
Just perhaps te CBA has hit on the wrong person here. Not just a minnow is LC and no doubt has a bit more clout to take on CBA than the guy in the street!!!!Now they make people feel like criminals for having cash. While the real criminals use the cashless system.
Talk about not doing due diligence before the harrassment.Now they make people feel like criminals for having cash. While the real criminals use the cashless system.
Not me. My bank gave me the third degree when depositing a measly $8000 into my business account. they wanted to see my drivers licence, and asked why I was banking cash.
I'm starting to think that I'd be better off with a safe and not worry about the bank. No earned interest, but I could start paying all my bills with cash. I have a few retired customers that do that, they take all their pension out and pay all their bills with cash.
Now I'm reverting more and more to cash, especially when the 'merchant fee' addition is disclosed, the monthly statement total is reducing, sometimes to sub $1000.Yay, cashless!...
Fortunately I always carry cash and took till this morning to get it sorted, apparently because I bought a battery, it was flagged as a potential fraud. WTF?
Can you imagine if I didn't have cash?
i have ALWAYS avoided direct debit , the hassles i have seen others have ( when the debits don't stop , don't pay on time etc etc etc )After that latest hic-cup I will now have to go through and check that who we pay by direct debit will not be coming back to bite me on the ar*se
I think the machines have a $800 a day limit. ... but that info is a few years old, and for my bankDoes anyone know that should one decide to go cash purely and just stay in cash how much one can withdraw each day, week or month before the finance nazis and authorities come after one. Or the banks report you. Not that I'd ever do that.
So could one take out $1000 or $10,000 in cash every day or every week or every month for example.
Asking for a friend.
gg
they know about the gold. We do.Thanks @Dona Ferentes . I'm doing a duckduck on it and found this from 2011. Seemingly AUSTRAC need to be notified of withdrawls of $10,000 or more. I can understand why because of drug crime, people being scammed and being gamblers.
Indeed, I had to get a part from Nissan for a beloved old motor and it cost $3000 or thereabouts.
$30 or so gone down the drain, I wasn't thinking when I paid with Visa.
gg
Seemingly AUSTRAC need to be notified of withdrawls of $10,000 or more. I can understand why because of drug crime, people being scammed and being gamblers. I'll keep on searching.
We never had an issue with direct debit. Its only because our original bank was bought out by CBA. This when the hic-up has occurred.i have ALWAYS avoided direct debit , the hassles i have seen others have ( when the debits don't stop , don't pay on time etc etc etc )
convenient and easy .. not once you have to ring customer support
extra hint ALWAYS be near a working phone charger when ringing customer support
on a regular basis ?Does anyone know that should one decide to go cash purely and just stay in cash how much one can withdraw each day, week or month before the finance nazis and authorities come after one. Or the banks report you. Not that I'd ever do that.
So could one take out $1000 or $10,000 in cash every day or every week or every month for example.
Asking for a friend.
gg
Not too sure but once 10k is mentioned as a withdrawal the bells will start ringing.on a regular basis ?
hmmm ( say daily ) depending on your bank even $1000 might earns some questions
$10,000 automatically gets flagged ( even a 'one-off' ) and most banks these days want advance warning on $10,000 cash withdrawals , so some arrangement with your bank would probably be needed even if doing $10,000 weekly
( not impossible but they do love their fee charges for electronic transactions )
seems they worry about drug trafficking , but not about corruption of officials
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