People who don't have bank accounts keep their money in cash. This isn't strange. I've worked jobs where literally every one of my coworkers used check cashing services at gas stations had didn't have bank accounts. It's not unreasonable that they might have savings of that amount accumulated over the years or pooled by family.
Jesus fucking Christ on a cracker. Yeah, the US needs postal banking.
Secondly why would you carry that around with you? It's this big. That's absurd. What are you spending $100,000 on all in one place? Prepaying for a year of college at U of Chicago or something?
Yeah, this is the cheapest way to move savings from one bank to another. They charge for wire transfers, so withdrawing everything you have in cash and physically moving it to a new bank is sometimes the best option.
Or if she was in the process of buying a house in a new place and the $100,000k cash was payment. There are a lot of "for sale by owner" homes around here that want cash only for their homes.
People who don't have bank accounts keep their money in cash. This isn't strange. I've worked jobs where literally every one of my coworkers used check cashing services at gas stations had didn't have bank accounts. It's not unreasonable that they might have savings of that amount accumulated over the years or pooled by family.
Jesus fucking Christ on a cracker. Yeah, the US needs postal banking.
Secondly why would you carry that around with you? It's this big. That's absurd. What are you spending $100,000 on all in one place? Prepaying for a year of college at U of Chicago or something?
It's pretty straight forward. If you don't bank and you need to move, buy something, etc, the physical money has to go with you. Easy.
Yeah, this is the cheapest way to move savings from one bank to another. They charge for wire transfers, so withdrawing everything you have in cash and physically moving it to a new bank is sometimes the best option.
Or if she was in the process of buying a house in a new place and the $100,000k cash was payment. There are a lot of "for sale by owner" homes around here that want cash only for their homes.