Originally Posted by
Lovelabs2
Yes $3k is usually the daily limit for WU MOs. I had grocery clerks in past tell me I can’t do $2k in MO in one transaction due to it being “illegal” under the Bank Secrecy Act. 😂😂
The $3k limit for cash transactions under the Act doesn’t require any special reporting to FinCen but over $3k does require store to get ID info from purchaser and keep on record…. using a debit card is considered a cash transaction whether a bank or Visa debit card. So with your $8k purchase in one transaction it requires the store to fill out a FinCen form…which it obviously never did. Now that is definitely illegal by store. Keep under the radar by spreading the $8k among different stores.
yes, but this was moneygram at WM, so DL scan, my ssn in the pin pad, ask for my occupation, all gladly provided. Don’t believe any other documentation is needed right?
I know people would do 4x Simon often, back when it worked, so they were fine doing 4K in those instances.