The Lower Township spouter should not blame the bank for verifyi

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Stone Harbor - The Lower Township spouter should not blame the bank for verifying the withdrawal their father was making at the local bank. It is federal law that was put into effect to curb money laundering. And with crime on the rise most banks keep a minimal amount of cash on hand. Even if he had made the withdrawal the dealership that was selling the car has to report any cash transactions over $10,000. Although not part of initial reason for law it also protects a senior or any customer from being conned.

Print Publication Date: 
12/21/2022