Funds Transfer Report (for buying MO at Post Office)
Jan 21, 16, 9:28 am
#1
Original Poster
Join Date: May 2015
Posts: 1,066
Funds Transfer Report (for buying MO at Post Office)
I found a post office that has been very conducive for buying money orders. But, today after my first MO purchase I was asked to fill out a "Funds Transfer Report (FTR)". Seems to be very intrusive. Driver License Number etc. which they say they'll match to my id.
Has anyone filled out this form? I hate to lose this spot and if I filled this out it seems like they would still keep letting me hit $5K a day here. But, it really gives me the creeps thinking that this info would be going to some government organization. I see USPS BSA Compliance as the address for the form. I took the form back with me, but did not give them the info on this last trip.
Here is the form I found online:
https://about.usps.com/forms/ps8105a.pdf
Has anyone filled out this form? I hate to lose this spot and if I filled this out it seems like they would still keep letting me hit $5K a day here. But, it really gives me the creeps thinking that this info would be going to some government organization. I see USPS BSA Compliance as the address for the form. I took the form back with me, but did not give them the info on this last trip.
Here is the form I found online:
https://about.usps.com/forms/ps8105a.pdf
Last edited by cdog999; Jan 21, 16 at 9:31 am Reason: link to the form
Jan 21, 16, 9:32 am
#2
Join Date: Apr 2012
Location: Uranus
Posts: 333
I found a post office that has been very conducive for buying money orders. But, today after my first MO purchase I was asked to fill out a "Funds Transfer Report (FTR)". Seems to be very intrusive. Driver License Number etc. which they say they'll match to my id.
Has anyone filled out this form? I hate to lose this spot and if I filled this out it seems like they would still keep letting me hit $5K a day here. But, it really gives me the creeps thinking that this info would be going to some government organization. I see USPS BSA Compliance as the address for the form. I took the form back with me, but did not give them the info on this last trip.
Here is the form I found online:
https://about.usps.com/forms/ps8105a.pdf
Has anyone filled out this form? I hate to lose this spot and if I filled this out it seems like they would still keep letting me hit $5K a day here. But, it really gives me the creeps thinking that this info would be going to some government organization. I see USPS BSA Compliance as the address for the form. I took the form back with me, but did not give them the info on this last trip.
Here is the form I found online:
https://about.usps.com/forms/ps8105a.pdf
Jan 21, 16, 10:03 am
#4
Join Date: Mar 2007
Location: Midwest U.S.A
Programs: Too many to list. Since the early 90's.
Posts: 1,407
I found a post office that has been very conducive for buying money orders. But, today after my first MO purchase I was asked to fill out a "Funds Transfer Report (FTR)". Seems to be very intrusive. Driver License Number etc. which they say they'll match to my id.
Has anyone filled out this form? I hate to lose this spot and if I filled this out it seems like they would still keep letting me hit $5K a day here. But, it really gives me the creeps thinking that this info would be going to some government organization. I see USPS BSA Compliance as the address for the form. I took the form back with me, but did not give them the info on this last trip.
Here is the form I found online:
https://about.usps.com/forms/ps8105a.pdf
Has anyone filled out this form? I hate to lose this spot and if I filled this out it seems like they would still keep letting me hit $5K a day here. But, it really gives me the creeps thinking that this info would be going to some government organization. I see USPS BSA Compliance as the address for the form. I took the form back with me, but did not give them the info on this last trip.
Here is the form I found online:
https://about.usps.com/forms/ps8105a.pdf
Jan 21, 16, 10:11 am
#5
Original Poster
Join Date: May 2015
Posts: 1,066
Yikes... I definitely hit a nerve with this. I've been rotating places to get MOs, but honestly doing 5K -7K spend a day there is sometimes a need to "go faster". I'm super hesitant to fill out any forms other than when the grocery store near me or WM copies down some info from my driver's license. Doubt I want to go anywhere near filling out a post office form.
Jan 21, 16, 10:14 am
#6
Join Date: Sep 2005
Programs: Northwest, United
Posts: 3,122
Yikes... I definitely hit a nerve with this. I've been rotating places to get MOs, but honestly doing 5K -7K spend a day there is sometimes a need to "go faster". I'm super hesitant to fill out any forms other than when the grocery store near me or WM copies down some info from my driver's license. Doubt I want to go anywhere near filling out a post office form.
Jan 21, 16, 3:37 pm
#7
Join Date: Dec 2013
Location: California
Posts: 263
3K seems to be the trigger. From the pdf OP linked:
"By federal law, the United States Postal Service® is required to obtain information from the purchaser of money orders, wire transfers, and stored value cards when the dollar amount of cash purchases total $3,000 or more (31 USC 5325 and 5331). Multiple purchases during one business day totaling $3,000 or more must be treated as one purchase, and the information must be obtained if a Postal Service™ employee knows or has reason to believe that multiple purchases are being made. Postal Service policy also requires information to be obtained for cash purchases of wire transfers and stored value cards between $1,000 and $3,000."
"Providing the information is voluntary, but if not provided, we may not process your transaction."
It asks for SSN in addition to DL or passport or military ID.
"By federal law, the United States Postal Service® is required to obtain information from the purchaser of money orders, wire transfers, and stored value cards when the dollar amount of cash purchases total $3,000 or more (31 USC 5325 and 5331). Multiple purchases during one business day totaling $3,000 or more must be treated as one purchase, and the information must be obtained if a Postal Service™ employee knows or has reason to believe that multiple purchases are being made. Postal Service policy also requires information to be obtained for cash purchases of wire transfers and stored value cards between $1,000 and $3,000."
"Providing the information is voluntary, but if not provided, we may not process your transaction."
It asks for SSN in addition to DL or passport or military ID.
Jan 21, 16, 6:55 pm
#8
Original Poster
Join Date: May 2015
Posts: 1,066
3K seems to be the trigger. From the pdf OP linked:
"By federal law, the United States Postal Service® is required to obtain information from the purchaser of money orders, wire transfers, and stored value cards when the dollar amount of cash purchases total $3,000 or more (31 USC 5325 and 5331). Multiple purchases during one business day totaling $3,000 or more must be treated as one purchase, and the information must be obtained if a Postal Service™ employee knows or has reason to believe that multiple purchases are being made. Postal Service policy also requires information to be obtained for cash purchases of wire transfers and stored value cards between $1,000 and $3,000."
"Providing the information is voluntary, but if not provided, we may not process your transaction."
It asks for SSN in addition to DL or passport or military ID.
"By federal law, the United States Postal Service® is required to obtain information from the purchaser of money orders, wire transfers, and stored value cards when the dollar amount of cash purchases total $3,000 or more (31 USC 5325 and 5331). Multiple purchases during one business day totaling $3,000 or more must be treated as one purchase, and the information must be obtained if a Postal Service™ employee knows or has reason to believe that multiple purchases are being made. Postal Service policy also requires information to be obtained for cash purchases of wire transfers and stored value cards between $1,000 and $3,000."
"Providing the information is voluntary, but if not provided, we may not process your transaction."
It asks for SSN in addition to DL or passport or military ID.
Jan 21, 16, 7:07 pm
#9
Join Date: Jul 2014
Posts: 3,688
Yeah, I mentioned that to the guy after reading the form. He said "but you came in the other day and bought some". The way the form is written it only has 1 transaction date. I didn't want to argue. I'll try back again next week. Was able to dump the remaining 5k I had burning a hole in my pocket at WM.
did it cross your mind that you're now tagged?if you're a glutton for punishment, go right ahead!
Jan 21, 16, 10:05 pm
#11
Join Date: Mar 2014
Location: PWM
Programs: AA Plat
Posts: 1,233
SARs
3K seems to be the trigger. From the pdf OP linked:
"By federal law, the United States Postal Service® is required to obtain information from the purchaser of money orders, wire transfers, and stored value cards when the dollar amount of cash purchases total $3,000 or more (31 USC 5325 and 5331). Multiple purchases during one business day totaling $3,000 or more must be treated as one purchase, and the information must be obtained if a Postal Service™ employee knows or has reason to believe that multiple purchases are being made. Postal Service policy also requires information to be obtained for cash purchases of wire transfers and stored value cards between $1,000 and $3,000."
"Providing the information is voluntary, but if not provided, we may not process your transaction."
It asks for SSN in addition to DL or passport or military ID.
"By federal law, the United States Postal Service® is required to obtain information from the purchaser of money orders, wire transfers, and stored value cards when the dollar amount of cash purchases total $3,000 or more (31 USC 5325 and 5331). Multiple purchases during one business day totaling $3,000 or more must be treated as one purchase, and the information must be obtained if a Postal Service™ employee knows or has reason to believe that multiple purchases are being made. Postal Service policy also requires information to be obtained for cash purchases of wire transfers and stored value cards between $1,000 and $3,000."
"Providing the information is voluntary, but if not provided, we may not process your transaction."
It asks for SSN in addition to DL or passport or military ID.
A couple of SARs aren't problematic per se, but as others said, tread lightly.
Jan 22, 16, 12:11 am
#12
Join Date: Jul 2015
Posts: 164
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
Cliffs:
debit cards are not cash
/thread
Last edited by Lucky888; Jan 22, 16 at 12:25 am
Jan 22, 16, 3:19 am
#13
Original Member
Join Date: May 1998
Posts: 1,135
Anybody who takes two seconds to read the quoted form can see that this reporting requirement applies only to cash purchases. Debit cards are not cash. They are debit cards.
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
Cliffs:
debit cards are not cash
/thread
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
Cliffs:
debit cards are not cash
/thread
Last edited by Andy2; Jan 22, 16 at 6:55 am
Jan 22, 16, 5:50 am
#14
Join Date: Jul 2014
Posts: 3,688
Anybody who takes two seconds to read the quoted form can see that this reporting requirement applies only to cash purchases. Debit cards are not cash. They are debit cards.
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
Jan 22, 16, 10:52 am
#15
Join Date: Jan 2016
Posts: 90
Anybody who takes two seconds to read the quoted form can see that this reporting requirement applies only to cash purchases. Debit cards are not cash. They are debit cards.
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
Cliffs:
debit cards are not cash
/thread
In my opinion, it is possible that this postal employee is targeting you. He sees you come in regularly, knows you have money as a result, and now is attempting to deceive you into thinking you are required to reveal your personal information in an attempt to utilize it in an identity theft scheme. I would politely decline and if the employee pressures you, I would notify the employee that his attempt to steal your identity will not be successful and if he continues pressuring you, you will have no choice but to contact law enforcement and report him.
Cliffs:
debit cards are not cash
/thread
