Woman cashes $10,000 check, gets robbed

[BayGBM]

Idk. Didn't have an active bank account maybe. Pretty dumb having that much cash on you, when you're leaving the bank.

There is no excuse for not having a bank account in 2012; one does not have to maintain a big balance to avoid fees.  If you get direct deposit most banks offer free checking.  Even if she did not hold an account at that bank she could still purchase a money order or a cashier’s check.

[tommywishbone]

Who the fuck has $10,000 in their bank account and no car?

[YoungBlood]

Who the fuck has $10,000 in their bank account and no car?

You would be surprised. I worked in a cemetery, not too far from the SSF bank that the woman was robbed at. We used to get little old ladies walking in to buy plots for their entire family and would pay in full all in cash. The kicker, is the old woman took the bus to get there and pulled the money out from a paper bag from a major shopping chain (Safeway/Lucky etc...)! This happened 5x that I can remember.

Just a little old codger that took the bus with 60k+ in a paper bag next to her.

[MikMaq]

By the way, what’s the largest amount of cash you routinely carry in your wallet?  I prefer to use my debit card for most purchases, but one cannot use plastic for every thing.  When I go to the ATM, I usually get $100.  I almost never have more than $200 in my wallet. 

I keep $200 in small bills in my car for emergencies… and small cash stash at home as well.  In an emergency/disaster (hurricane, earthquake) electricity and ATMS may be out of service for miles.

Lol when I worked at a 7-11 I refused hundred dollar bills regularly. No one should ever have more than a hundred bucks on them.

P.S. for some reason or another the bosses in my area liked to pay their workers in cash($100 bills) some redneck shit I suppose.

[BayGBM]

The last time I saw a backpack full of cash was in that movie Jumper

[reppingfor20]

jews and banks

[The Abdominal Snoman]

Isn't $10,000 the magic number that the bank has to fill out forms for the Feds whether you take out 10G's or deposit 10G's? Taking out exactly 10G's is a red flag.

[tommywishbone]

$10,000 correct. It generates a CTR Cash Transaction Report.

A currency transaction report (CTR) is a report that U.S. financial institutions are required to file for each deposit, withdrawal, exchange of currency, or other payment or transfer, by, through, or to the financial institution which involves a transaction in currency of more than $10,000. Used in this context, currency means the coin and/or paper money of any country that is designated as legal tender by the country of issuance. Currency also includes U.S. silver certificates, U.S. notes, Federal Reserve notes and official foreign bank notes.

[reppingfor20]

$10,000 correct. It generates a CTR Cash Transaction Report.

A currency transaction report (CTR) is a report that U.S. financial institutions are required to file for each deposit, withdrawal, exchange of currency, or other payment or transfer, by, through, or to the financial institution which involves a transaction in currency of more than $10,000. Used in this context, currency means the coin and/or paper money of any country that is designated as legal tender by the country of issuance. Currency also includes U.S. silver certificates, U.S. notes, Federal Reserve notes and official foreign bank notes.

you must be rich fellow to know these rules, shame shame shame on you.

[HTexan]

There is no excuse for not having a bank account in 2012; one does not have to maintain a big balance to avoid fees.  If you get direct deposit most banks offer free checking.  Even if she did not hold an account at that bank she could still purchase a money order or a cashier’s check.

active
it was a speculation that her bank account was frozen.

[Mr Anabolic]

Shouldn't the check take a few days to clear before she can walk out with the cash?

The new amount for SAR (suspicious activity report) was recently lowered from $10,000 to $5000.  They are slowly trying to get rid of cash altogether in favor of electronic transactions (using plastic) in order to track EVERY transaction you make.  Anonymity of cash will soon be a thing of the past.  Get ready. 

[HTexan]

Shouldn't the check take a few days to clear before she can walk out with the cash?

The new amount for SAR (suspicious activity report) was recently lowered from $10,000 to $5000.  They are slowly trying to get rid of cash altogether in favor of electronic transactions (using plastic) in order to track EVERY transaction you make.  Anonymity of cash will soon be a thing of the past.  Get ready. 

so why would they want to do this?

[BIG ACH]

In Egypt cashing that much money is totally normal...  There are way more cash transactions than there are credit card transactions.

I remember one time, my dad sold a property he owned, it was $200,000...  The buyer (a military general) paid it all in CASH!  Straight up cash... which he gave to my dad in a small duffle bag!

My dad called me up and asked me to take it to the bank to deposit it in his account, I had never been more nervous going from my home to the bank with that bag...

Funny thing when I got there, the bank manager was like "you'd better take a seat while we count this!" - just the way he said it was very humurous!

[Yev33]

Yeah the $10,000 amount makes the whole thing sound suspicious.

I never carry more than $100 in cash. And I hate using a deibt/ATM card. Anywhere I need to go I can use a credit card  that I pay in full at the end of the month.

 

[240_Iz_Nutz]

Sounds to me like some dirty work kind of deal. She was taking the cash to someone, they doubled crossed her, or someone caught wind of it.

[chess315]

I dont think she deserved  this but at least this crime had purpose unlike half the sensless shit you see at least there was decent motive I bet some vato is partying hard and has some new 20s on his ride

[hangclean]

g@ys are too punkish, and techies don't need the cash in san fran, so it must have been a b e a n e r who took the 80 from oaktown.

South San Francisco is not actually part of san francisco.  I know it sounds strange, but it's a totally different town.  It is also an absolute shithole.

[TrapsMcLats]

South San Francisco is not actually part of san francisco.  I know it sounds strange, but it's a totally different town.  It is also an absolute shithole.

Like the hillside says, it is  "THE INDUSTRIAL CITY" 

[Butterbean]

Shouldn't the check take a few days to clear before she can walk out with the cash?

The new amount for SAR (suspicious activity report) was recently lowered from $10,000 to $5000.   

Hadn't heard this.

so why would they want to do this?

  They are slowly trying to get rid of cash altogether in favor of electronic transactions (using plastic) in order to track EVERY transaction you make.  Anonymity of cash will soon be a thing of the past.  Get ready. 

Greed, power, control ....under the guise of convenience, safety, etc.



Revelation 13:16-18
[The second beast] also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.  This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man.[e] That number is 666.

Rev 14:9-11
A third angel followed them and said in a loud voice: “If anyone worships the beast and its image and receives its mark on their forehead or on their hand, they, too, will drink the wine of God’s fury, which has been poured full strength into the cup of his wrath. They will be tormented with burning sulfur in the presence of the holy angels and of the Lamb.  And the smoke of their torment will rise for ever and ever. There will be no rest day or night for those who worship the beast and its image, or for anyone who receives the mark of its name.”

[SF1900]

She cashed the check because she needed $10,000 for her muscletech line

[Stark]

Idk. Didn't have an active bank account maybe. Pretty dumb having that much cash on you, when you're leaving the bank.

Probably paying for something in cash like a car

[BayGBM]

Probably paying for something in cash like a car

I doubt it.  In any case, I guarantee she won't try this again. 

[YoungBlood]

It is also an absolute shithole.

In comparison to what other city? Daly City is worse. Brisbane is worse. Parts of SF are far far worse...SSF isn't too bad. There are places that are much better but then again, when you compare Hawaii to Puerto Rico, one of those places will be a shithole too, right?

[BayGBM]

In comparison to what other city? Daly City is worse. Brisbane is worse. Parts of SF are far far worse...SSF isn't too bad. There are places that are much better but then again, when you compare Hawaii to Puerto Rico, one of those places will be a shithole too, right?

Fail. Try again. 

[BIG ACH]

The last time I saw a backpack full of cash was in that movie Jumper

One  of my favorite movies!