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/biz/ - Business & Finance

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25369372 No.25369372 [Reply] [Original]

Lets say you want to cash out $200k. Is it smarter to be upfront with you're bank and let them know it will be deposited in increments, or would they think you're structuring which would raise flags.

I ask because I wouldn't feel comfortable withdrawing everything at once due to freezing of accounts and having all assets on an exchange, albeit for a limited time.

>> No.25369625

just call them ahead of time and tell them you are sending a small amount to test the withdrawal times and then you will send more when you are ready to cash out your investments. dont send amounts like $9999

>> No.25369739

>>25369372
i just cashed out 20k from coinbase no problems. took less than 24hrs to be in my account. whats the worry

>> No.25369789
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25369789

some advice in this thread: >>/biz/thread/S21359099

>> No.25370523

>>25369372
>>>/biz/thread/S21359099
imagine cashing out now

>> No.25370576

>>25369372
>call ahead of time
>tell them you made a ton with bitcoins
>ask how you should withdrawl it

or

>withdrawl it
>see if anything happens
>if it does, u gotta call ur bank and ask why

>> No.25370615

>>25370576

>doesn't know the bank will cuck him first before he can even see the cash.

>> No.25370679

>>25369372
I would absolutely call them ahead of time to make sure it's all above board and that they don't fuck you. Absolutely DO NOT STRUCTURE or else your shit will get frozen anyway.

Personally I'm still on the fence about what I'm going to do in the event that I become a millionaire off internet monopoly money. I might just convert my stuff on DEXes to stablecoins like DAI and USDC (not tether of course) and hold it there. Maybe even use it to purchase stuff using a crypto debit card or however that works. The less taxes I have to pay, the better.

>> No.25370754

i literally transferred $100k from kraken into my bank account (the only job I had in my life I would get like $1500-2000 monthly and been unemployed for years now) and nothing bad happened

>> No.25370852
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25370852

>>25370754
Canuckistant or burgerland?

>> No.25370870

>>25370852
England

>> No.25371062
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25371062

What's the crack boys, cashing out is just a meme then eh, living off the APY and stable coins via Crypto credit cards is the name of the game? hoi hoi hoi

>> No.25371105

>>25369372
Your bank provides a service lmao if I was afraid to use my bank like you I would just switch what the fuck kinda question is this
I've deposited 40k no warning to my bank in 2 20k deposits and I got a call and that was it.

Yep is my money from investments
Ok anon have a nice day

Lmao the fuck kinda dystopian country u live in

>> No.25371205
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25371205

>you must call your jew overlord to ask for permission so he can charge you for keeping your money while he profits from it, or you funds are frozen indefeinitely and maybe even seized forever

You mutts have so much freedom. I am jelous. Seethe, the thread

>> No.25371500

>>25369372
Goyim think 200k is a lot of money LOL

>> No.25371608

all you have to do is call them