Deposit and withdraw large cash from bank?

I wanted to buy a new car so I pulled a large sum of cash, 30 Ks, out of my checking account. I new that I should be able to get a better deal if I'm to pay cash. When I was at the bank, the associate asked me to provide my social security number and my driver license information. I provided the information as requested and went home. The next morning, I had a discussion with my wife and we decided to delay the car purchase for now. So I went immediately to the bank and deposited the money back into the account. The associate this time (another person) did not ask me for any information. She just asked about what type of car we were considering and if it was from a dealer or not, in a friendly manner.


Now, I did some research on the Net and found that there is something called CTR that banks are required to fill and send to IRS and Law Enforcement agencies. My question is, did the associate fill in another CTR when I deposited the money back? If yes, then why did not she ask for my information as the first associate did?


Also, did depositing the money back erase suspicion since it was the same amount of money returned within less than 24 hours? Or, did that raise more doubts?


Thanks for any insight.|||Banks are required to report transactions over $999 to the federal government, plus any other suspicious activities (like depositing $999 repeatedly). This is to catch illegal activities, like money laundering, drug dealers, people who aren't paying taxes on their income, etc. The transactions have been reported, but don't worry about it; you took the money out then put it back. The first teller asked for personal information to make sure you were who you said you were before she gave away your money. You provided some sort of personal information to deposit the money, but it probably wasn't as exhaustive because criminals don't usually deposit money into strangers accounts.





You may want to consider using a personal check or a cashier's check instead of carrying that much cash. Getting a better car deal for "cash" doesn't have to be literal; it simply means paying for the car up front, not taking a loan from the dealership.|||Any transactions over $9,999.99 must be reported.


This is to prevent illegal activity such as drug trafficking.


Don't worry about this.


They'll see you have a job and are stable.


You could take out that 30 grand daily and put it back - there is nothing anyone is going to do to you.





Get at least 30% off the price of that car - you are a cash buyer.


Cash is King !!!!


A car dealer WILL NOT allow you to walk away.





You can even go home, the car dealer will call you the next day with even a better offer or meet your price.


Try it - it honestly works.





I got a 12K nissan versa for just about 10K by haggling like a bandit and using cash.


It has windows you have to roll up - great car.


Note: just write them a check - they will call the bank and verify the check is god.


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