Bought the wife a new car a couple weeks ago. After the haggling he asked how we wanted to finance it. I told him I'd pay cash and he got a really odd look on his face. He then, almost in a whisper, said if I did that they would have to file a form with the government. I said "I know, a currency transaction report. I've been down this road quite a few times." That one frustrates me, but not nearly as much as the "suspicious activity report" the bank files any time you do something outside your normal pattern of deposits and/or withdrawals. So, on that 1 day I had 2 CTR' s and 1 SAR filed on me because I don't use credit cards, debit cards and have the money to pay cash for things. How dare I!
I hear you. To avoid wasting funds on interest, we don't finance vehicles either, preferring to save up in an appropriate investment, and then pay cash on a low mileage used vehicles. We get "the look" most times too. We've had no issues related to SARs filed on our activities, but the notion is at least a little creepy.
Mr. Guy, just how many kilos of smack will $35K buy????It just grinds my gears to have a bank that my family has been dealing with for decades and knows that I don't use "plastic" preparing reports about my banking activities that indicate I'm due some extra scrutiny because they think my use of my own money is "suspicious".
We had a blackout here for about a day a year ago, all the stores closed as none were setup for cash. And none of the workers knew how to add or subtract.
Shux even when the registers are working the cashiers get easily “confuse”.
Just the other day a small shop trip totaled up at $55.98, so I handed the cashier $61. 3 20’s and a single, which she spread out on the counter and said “but it’s only $55.98” quizickly.
To which I replied, “yes, and I would like $5.02 change, please”.
Still confused, she punches in the $61, stares at the screen for a bit, takes out a $5 and 2 pennies, stares at the screen some more, looks at the receipt a bit...then finally hands me the receipt and the change.
This was a middle aged woman, whom looked to have known what she was doing as a cashier (quick scanning, quick bagging etc etc). Now I would have expected above from one of the “kid” cashiers, but not from her. Was kind of funny & sad at the same time...