WRONG! Banks are not low on cash.

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Mar 27, 2020
12:54:44pm

Kerbouchard Intervention Needed

This message has been modified

Originally posted on Mar 27, 2020 at 12:54:44pm

Message modified by Kerbouchard on Mar 27, 2020 at 12:55:44pm

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Kerbouchard

Bio page: Kerbouchard
Joined: Feb 17, 2011
Last login: Aug 24, 2023
Total posts: 24,538 (19 FO)

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Messages

Author

Time

I was told I need two weeks waiting time to withdraw large amount of cash from

grandpacoug

3/27/20 12:25pm

Why do you need it?

SandYFan

3/27/20 12:25pm

Out of TP

foofcoug

3/27/20 12:26pm

They aren’t low on cash. Just trying to prevent runs on the bank. People pulling cash for no reason.

cougsrule

3/27/20 12:27pm

Most likely trying to prevent exactly what the OP is trying to do

kimdaddy35

3/27/20 12:29pm

They are actually just trying to make sure they have enough cash to make sure

RexIdaCoug

3/27/20 12:49pm

Please tell me you have some need, and aren't just contributing to the problem. There are few

CDV

3/27/20 12:28pm

I do have a good reason and will keep it private.

grandpacoug

3/27/20 12:43pm

RE: I do have a good reason and will keep it private.

DapperDan

3/27/20 12:48pm

good. glad to hear it.

CDV

3/27/20 12:49pm

How about just because I want to? I don’t need social media approval

shammy

3/27/20 12:54pm

banks have plenty of cash. this is common practice.

HarlemCoug

3/27/20 12:28pm

They’re not low on cash. They can continue to replenish supplies as much as needed. They have the appearance of being

Pimpin4Paradise

3/27/20 12:29pm

grandpacoug right now:

Turnpike Lane

3/27/20 12:31pm

Also grandpacoug

RexIdaCoug

3/27/20 12:36pm

So you’re saying you’ve done this before during “scary times”?

franklyvulgar

3/27/20 12:34pm

Especially when whatever "scary times" those were obviously didn't equate to must long-term damage.

TheLoneCougar

3/27/20 12:36pm

If we’re talking end of days apocalyptic stuff cash, commerce is not relevant

franklyvulgar

3/27/20 12:41pm

One more reply. I've done it 2 times before. Once was prior to Y2K. I'v also

grandpacoug

3/27/20 1:08pm

Understand the heightened concern in troubled times are you saying you’ve seen

franklyvulgar

3/27/20 1:31pm

Yes. 2 daughters have treasure maps!I sent you a BM ( silly abbreviation!!)

grandpacoug

3/27/20 1:53pm

Yup. Cash will be worthless in most scenarios in which banks run out.

Megamind

3/27/20 4:08pm

I have never thumbs down a post so fast in my life. I think I may need to get my

RexIdaCoug

3/27/20 12:35pm

I'm giving him the benefit of the doubt. He said he had a good reason.

Acorn

3/27/20 12:59pm

It's his alarmist conclusion that drew my wrath. I can't think of a good

RexIdaCoug

3/27/20 1:03pm

OK. I understand now. I thought you were criticizing withdrawing cash

Acorn

3/27/20 1:05pm

Maybe just sell one of the 100 apartment complexes that you own if you need cash

Salami Karate

3/27/20 12:39pm

Do you think snarky comments like this are a good look?

Acorn

3/27/20 12:52pm

Acorn- Always a % of snarky replies. Actually, I am in escrow to sell a property

grandpacoug

3/27/20 1:03pm

I hope you understand that banks aren't low on cash

Acorn

3/27/20 1:09pm

I did delete. I should have been more specific. Cash held up and atm's reduced.

grandpacoug

3/27/20 1:14pm

What is the limit at your bank on ATM's? All of this reaction is kind of funny.

Acorn

3/27/20 2:17pm

I was just chatting with co-workers that are dealing with this issue here at my

RexIdaCoug

3/27/20 12:47pm

WRONG! Banks are not low on cash.

Kerbouchard

3/27/20 12:54pm

Really dumb to have to wait that long. Ridiculous actually.

byubyu

3/27/20 1:00pm

Not really. He has access to the money, just not cash. He can do a wire or get

RexIdaCoug

3/27/20 1:04pm

2 weeks is ridiculous. A couple of days is reasonable though still dumb.

byubyu

3/27/20 1:09pm

At my CU it can take up to a week depending on when you come in and ask

RexIdaCoug

3/27/20 1:16pm

That's because you don't understand how banking works.

Pimpin4Paradise

3/27/20 1:19pm

Ya it's not that hard.

byubyu

3/27/20 1:27pm

No, cash sitting in the bank doesn’t make the bank any money. If they had

cougsareforreal

7/30/20 8:25am

The company I work for does cash rewards once a year for an event.

Napoli

3/27/20 1:01pm

I would probably figure out why your credit/debit cards don’t work before taking out so much cash

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