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I'm curious which bank that is from? Because I can withdraw $3k cash daily from a bank machine with no issues with CIBC. I've done it multiple times, and have actually done it rather recently one or two weeks ago.
Not saying you should keep large amounts of money in your bank, and I personally keep most if my wealth in self custody bitcoin. But just observing a difference in banking experience between my own experience with a Canadian bank and this guy's video.
Agree. I used to routinely withdraw 5k from the bank when I had my business. They preferred you let them know in advance so they have the cash on hand but even when I didn't I never had a problem and no one asked me what it was for.
This is not an endorsement for banks and we all know they are not fully reserved and can legally refuse to give you your money but I think we need more context on this exact case.
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