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Personal Investments • Holding cash outside of bank

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I have heard some talk that banks are not accepting cash. I have a chunk of money in a safe deposit box. Can I lose it especially when the CBDC IS INSTITUTED? Thanks in advance.
Who is "some" and "they" and what exactly are they talking about? Banks accept cash. If you deposit large sums, they may file a report of the deposit, but that's it. Sometimes banks can get curious about the source of cash, as they are afraid of being accused of laundering money. So you tell them. When a relative was making large sums of cash from dancing tips, she deposited cash several times a week. She and her colleagues
knew which banks were accepting of their profession and handled cash with common sense. I think she had to sign some document acknowledging she was paying taxes on taxable income each year, and that was it.

Statistics: Posted by criticalmass — Sun Dec 31, 2023 1:49 am — Replies 21 — Views 1758



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