what you do with large cash?
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Withdrawing eg US$2k I get questioned, my stock answer is: While I'm in US this bank won't let me withdraw US$ from my US$ account, I have to use a CDN$ account then you stick me with a poor exchange rate and a fee. Your credit card is even worse, don't get me started on those rip off cash cards.
This will all depend on how comfortable with how much cash you want to keep on hand around your residence or if you want to bank it and deposit it.
I haven't had any issues depositing large sums of cash at my banks. They will ask if I deposit over $10K sometimes, but not all the times as my deposits are consistent...mainly from trips to the casinos (what I usually advise to SP's if their banks ask them where the cash comes from).
As long as your deposits are consistent and/or you are up front, the CSRs don't care that much)
I haven't had any issues depositing large sums of cash at my banks. They will ask if I deposit over $10K sometimes, but not all the times as my deposits are consistent...mainly from trips to the casinos (what I usually advise to SP's if their banks ask them where the cash comes from).
As long as your deposits are consistent and/or you are up front, the CSRs don't care that much)
If you were to throw it down the sewer it would be about the same as the government effectively does with a large % of the $'s it receives.
I would say I have a consulting firm or Life Coach LLC. Sorry Life Croach business.
I live in a high rise, still use coin operated laundry.
I simply with drawl a roll of Toonies, Loonies and quarters. I was asked what for?.
I live in a high rise, still use coin operated laundry.
I simply with drawl a roll of Toonies, Loonies and quarters. I was asked what for?.
ATMs are so much easier to deal with now for deposits. You can deposit $3,000-$5,000 (up to 50 items per deposit) and it scans the bills going in, instantly depositing the funds into your account, no teller asking questions.
You can call in to bump your daily limit of cash withdrawal out as well. $1500/day for BMO and $3,000 for CIBC. Don't know the other banks but have to believe they are in the same range.
You can call in to bump your daily limit of cash withdrawal out as well. $1500/day for BMO and $3,000 for CIBC. Don't know the other banks but have to believe they are in the same range.
