Mad Mike
Well-known member
Risk mitigation. Retail banks don’t want anyone to know how much cash is available to robbers. If you need $10k, they will prepare it and take steps to make sure a robber doesn’t follow you.So if BMO tells me that I need to call ahead of time whenever I need to make a cash withdrawal of more than 4k at a time - that is all BS?
Next time Ima show them this post and demand they give me cash lol
Or, they will up your withdrawal limit and ask you to get your cash from an ATM.
A retail bank will have $50k or more in loose change on hand.