Originally Posted by
Often1
Never suggested that anyone will tell OP that a SAR was filed. Simply that his conduct is exactly what would cause a SAR to be filed and that, given their cost, unless you're a good customer, least risk is to "fire" the customer and be done with the risk.
Good point.
Based on stories I was told and the incident of this thread, it seems late night after hour large sum cash deposits is a sure thing to raise red flag. The consequences may not come immediately but somehow a few months down the road, out of the blue, an account closure. They all have a common thread of prior unusual events - large sum of cash deposits at ATM after hour, and the funds were immediately used to pay bills whether it was a Chase card or other cards.
There is probably more than the burden of SAR but also the unwanted behavior of moving funds in at last minute to cover bills - a sign the banks may view the customer's financial health is under stress.
Go over to the AMEX forum there are enough threads about folks who charged up a storm and paid frequently even on time and ahead of time, would still raise red flags with AMEX which in turn asked the customers to show proof of Liquid Assets as proof of ability to pay, in the sum of several times more than the charges. Banks are very weary on potential defaults and may be based on statistics, such patterns often preceding a large default.