I have purchased several houses with cash that were way over 10K and
have never had to fill out anything....

Jon Kraus
PP-ASEL
Student-IA

Bill Denton wrote:

Couple of points:

The form had nothing to do with the bank. I guess you missed it, but 10 or
15 years ago regulations went into effect that required anyone withdrawing
$10,000 or more from a financial institution had to fill out a form and the
feds had to be notified of the transaction. The idea was to cut down on the
drug trafficking and money laundering. Of course, your average coke dealer
simply withdrew $9,995, went outside for a smoke, then came back in and got
the other $5.00. So much for that idea!

As far as asking for the money a day in advance goes, that's just common
sense. Banks get robbed. The more money in the bank, the more money that
guts stolen. So banks try to limit their funds on hand to what they think
they will actually need in a day. Try walking into your nearest Krispy Kreme
and getting 10,000 donuts right now. It ain't going to happen! Krispy Kreme
only makes the donuts the feel they will sell in a certain period of time.
But if you call and order them, they'll be happy to whip out 10,000 for you.

And for whoever might be of an argumentive bent, I already know how much
interest a zillion dollars earns in a nanosecond, but the "robbery" example
is also correct, so let it go.


"MRQB" wrote in message
...


They had me fill out a form for the government! Told me that next time to
call a day in advance so they could order the funds. They almost refused


to


give me over 10k at once told them it was my money and i want it now!!!!!!


I


said I dont care that I need to fill out a form to get my money so give me
my money or give me every thing in my account and close it they gave me


the


amount i asked for was more then 16k that i was asking for.


I hate banks for that reason.


"Doug" wrote in message
.com...


What did the bank say when you told them you wanted to withdraw 16k in


cash?


"MRQB" wrote in message


...


Hello, all well I have been lurking and posting trying to find me a


low


cost


time builder well I almost have up the hunt, I went to bed early


Thursday


night woke up about 4am logged on to eBay and to my surprise a local


area


person posted a nice little low time 1976 150 called the guy at 5am


woke


him


up, he called back about 8 am I spoke with him settled on a over the


phone


price, price dependant upon inspection.

A friend and I drove for about 4 hours to go look at this bird. We got


there


before the seller and started poking around a old guy smoking a cigar


came


out and asked you interested in that airplane, said maybe can you tell


me a


bit about it. Said yea I can I just got done doing a major a major


annual to


it. Talked with him got all his info and he went away. The seller


showed


up


about 5 min later had all the logs back to new, I asked him if we


could


pull


it over to the mechanics hanger so I could inspect the airplane. Now


is


ware


it starts to get interesting!

He hands me the keys and says' s taxi it over and ill get you guys


some


screw drivers well had a problem starting starter clutch went bad?


Seller


acted like he did not know about it but since it was going over to the


shop


he had a A & P put a new one in and put an entry in the logs, Now with


all


inspection plates removed and new starter clutch the 4 hours pre buy
inspection is under way. Only 3 squawks were found but not an


airworthiness


issue's.

We put the plane back together and go review the log books well he


said


that


it was IFR certified well it was clearly not but it was in 1987. There


was


no damage history neither was there any missing logs and all AD's have


been


complied with. Went to the seller told him that it was not IFR


certified


and


started the negations. We settled on a cash price that was more than


Fair to


me tell you the truth I'd have paid $5k to $7k more if I had more


money.


I went there with cash in hand for price we agreed upon over the


phone.


The


plane had 3 squawks and was not IFR certified as I was told It dose


have


full IFR panel. I offered him a lower amount than we agreed on the


phone


due


to the discrepancies The seller declined after I started to walk back


to


the


truck to go home. The seller made a counter offer $50.00 more than my


offer


my friend looks at me said take it worth way more then he is asking.


So


I


went inside sat down at the table got all the paperwork done and


counted


out


$16k in cash we both signed a sales agreement he signed the bill of


sale


we


shook hands and now I own me a late model 150.

Times
4030 Airframe
700 SMOH Engine Compressions 74,75,77,75
100 ON New Prop

All around condition a strong 7.5 may an low 8

Fresh Annual Done Right!! Nothing Deferred, Airplane Has New tires,


break


rotors, wheel Barings, fuel line, fuel strainer valves, fuel gages,


steering


rods and boots, starter clutch, and a lot more, yes it dose help to


get


another set of eyes on the airplane as we found 3 non airworthyness


squawks


little things that dont really need to be done buy are getting done


monday.


I know i am happy I kinda feel guilty at the price i go it for.

Thanks To All The Groups Here For Putting Up With Me And For All The
Excellent Advice.