pwd847

I don't have an answer to your question, but I can say that you should just go open a garbage throwaway bank account.

If you're in the midwest the name "TCF Bank" comes to mind. I abuse the heck out of them. I walk in there with several MO's from many different instituions and write my name in the "to" and "from" lines and just hand them over. If they have a problem with it, so what? There are tons of banks that I would rather do business with.

I doubt you can get a negative mark on Chex for depositing large amounts of MO's.

noturbizniss

Why? Are u doing anything illegal? That's why I keep all my receipts. If u wanna cash in on ms don't be shady.

ElPresidente

Enabling terrorists and criminals? Optics would be terrible. SAR is targetted at people who can't stand scrutiny and are engaged in awful things. It just so happens that this particular net for Tunafish, catches some dolphins too. Little fish never even notice the net.

ezakipocky

Really? I thought things would be worse after his administration. I heard rumor that he would do something to the CFPB. Anyway, the whole anti money laundering thing comes for a good and meaningful purpose.

cruisr

OP how much MS are you able to do in Japan?

ezakipocky

Can you actually MS in Japan? I don't really know.

cruisr

Since your location is NRT I just presumed you were in Japan.

AlohaDaveKennedy

Meh - AML is having a bad effect on the Miami real estate market - cash only sales are way down since the agents had to report who the buyers are! Think we are also seeing a drug sales slowdown due to the legalization of drugs in the west. What are our fine citizens now going to do with those millions in cash stuffed in Homer buckets in their attics?

barschools

I've been depositing over 100k per month for several months at my local credit union. I opened the account about 15 months ago and started out with about 50k per month. They know exactly what I'm doing. I explained it to the branch manager when I opened the account. She said it was my account and I could use it however I wanted to as long as the MO's weren't fake. I deposit 8k to 12k per day for many days in a row and the funds are immediately available.

Before I found my credit union I tried the same thing at a local community bank. When I explained to them how I intended to use the account they politely informed me that they didn't want my business. Its YMMV from bank to bank. I'm glad I chose the 'up front' approach and didn't waste my time opening an account that would've likely been shut down. A lot of people here would advise against that approach however.