Bank limits daily cash withdrawals (non-ATM) to $2500

[metaforge]

Stopped inside my bank today and for the first time saw this sign limiting cash withdrawals.  This is real withdrawals, not out of the ATM.  Sign of the times to come?

[Bill from Pennsylvania]

That doesn't sound too reassuring!  What bank is it, if you don't mind saying?

[Bill Hicks]

Meta - you need to go on this site and check your bank's rating, pronto.   

http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx

[freeyourmind]

I'd say its time to end your account with them, immediately. Then it doesn't count as a withdrawal anyway. If they give you too much of a hard time just take whatever you have out 2500 a day.

[MooreTime]

Meta I would like to hear what bank this is.

[urbanfarmer]

I tried to take 5,000 out of my bank back in the spring, and they told me they did not keep that much cash, that I would have to plan ahead and they would have it for me. 

[justanouveaufarmer]

Banks have been doing this for a while. 

[PromiseLandAkitas]

Has anyone else seen a maximum amount allowed for withdraw posted within a bank??

[metaforge]

I have checked, they have 2 stars.  I'd rather not say what bank it is other than to say it is a local credit union, so it probably affects no one else here.  Just wanted to gauge the alarm level, see if anyone else is seeing this, etc.

I have heard of banks in the past asking for a day or two notice if you want to withdraw large cash, say > $10k, to make sure they have it on hand.  But I've never seen a daily limit posted like this, other than on an ATM of course.  I assume that I could get the whole wad out in a cashiers check if I wanted, but still, this is spooky.

[TechGuy]

Since Bank robberies are on the rise, it makes sense for banks not to keep large amounts of cash on hand.

BTW: Ally bank the one with all those commericals with a banker teasing kids is really GMAC, which is deperate for cash. Wouldn't recommend putting money into any bank asking for deposits on TV.

[Hardondee]

Well, for the past year or so, you've been hit with an extra charge if you deduct more than $300 from BoA ATM.

[Bill Hicks]

Well, for the past year or so, you've been hit with an extra charge if you deduct more than $300 from BoA ATM.

You don't really have your money in BofA do you?  When that shitpile finally takes the dirt nap, there's NO WAY the FDIC will be able to afford to make whole all of its depositors.   

[metaforge]

Banks have been doing this for a while.  Last fall we wanted to cash out our retirement account.  What we had to do was open accounts at 4 different banks using checks drawn on the original bank.  Then every few days we'd go around to all of them and make withdrawals.  It took a few weeks but we finally got 100k out.  In cash. 

What's scarier.... having $100k in cash in your mattress, or $100k in a 2 star bank?     I suppose I'd want a lot of firepower to protect that mattress.   

My plan will probably be to gradually draw down via money orders made out to APMEX.   

[PoppyMcGee]

That sure doesn't sound like a good sign.

When I was working as a teller at a small, local bank, we would limit people if they just came in and wanted over $10000 out at a time, because we rarely kept a lot of money in the vault. If we had notice, we could call in the Money Delivery People and they'd bring what we needed. This really got some people's panties in a twist on occassion.

[Hardondee]

Well, for the past year or so, you've been hit with an extra charge if you deduct more than $300 from BoA ATM.

You don't really have your money in BofA do you?  When that shitpile finally takes the dirt nap, there's NO WAY the FDIC will be able to afford to make whole all of its depositors.   

Yeah.  It's just laziness on my part to find a local credit union.  If BoA goes under, I have bigger things to worry about than my piddly savings.