How much cash can I withdrawl from my checking account at one time ?

Is there a limit so how much money I can take out in cash without having them ask me what I need it for or anything like that ???

How much cash can I withdrawl from my checking account at one time ?
It depends on the bank. Sometimes they have a limit according to the type of account but usually is around 300-500 (from an ATM). You can also call your bank and ask to set an amount of how much you can withdraw.
Reply:How much money are you withrawing??? anyhow they have no business asking you what you need the money for it is your money you put it in there. If you are worried make an anonimous call to the bank.
Reply:If you go inside the bank and talk to a teller, you can take any amount you want out of your checking account as long as the funds show as available. Regardless of the amount, no one at the bank should be asking you what the money is for. Using the ATM will guarantee that nobody asks what the money is for, but ATMs have daily limits and you'd only be able to get somewhere between $200 and $500 depending on your bank's ATMs.


However, if you take out a large amount, the bank will fill out papers concerning this. For example, while it is not required by law, my bank will fill out a paper if you withdrawl more than $3000 in cash. This helps determine if there is any suspicious activity and if the bank needs to fill out the Suspicious Activity Report.


If you withdrawl more than $10,000 in cash (please call ahead of time so the bank will be prepared) the bank will have to fill out a Currency Transaction Report, which is required by law. For this you'll have to let the bank copy your I.D. and give them your occupation. Without either, they'll refuse the withdrawl because these items are required to be filled in on the CTR by law.
Reply:If you are writing a check, you can write it for the amount in your acct. Most ATM's only allow $200 - $300 (depending on your bank). As for asking what you want it for, that is none of their business and they shouldn't even ask (I can't think of a time they asked me why, even when I took a large amount out). Now if you have a lot of money and want cash, you may have to wait a bit for them to get that much cash, I do not know how much money they keep on hand. I know that if you wanted to take your million out in cash you would have to wait for it.
Reply:My banker friend said that anyone who withdraws $10,000 in cash (or more) needs to be reported on a particular form, accompanied by your identification, your social security number, etc. I think she called it a CTR, but I just googled "ctr report bank cash" and found nothing helpful. It's to prevent money laundering. You can look up "suspicious transaction" too, for more info.

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