/biz/ - Business & Finance

>>15244782
Day of the rake is not a meme it is amazing to see how overwhelmingly bad leaf posters are when you know its them posting. I cant exactly explain it its a combination of well articulated hubris with mind-numbing stupidity coupled with low test. Like a gay retard who thinks he's smart because he was on the debate team at school.

I spent an HOUR (lmao) at a RBC branch yesterday trying to get my bank account "defrosted". They explained to me that large deposits and large withdrawals sets off flags (they didn't say money laundering but this is what the flags look for). The way that I was using my bank account was really throwing them off. What I did was actually pretty crazy. I was depositing large amounts into my chequing account from a savings account at another bank, then immediately withdrawing everything from chequing to savings so that I would collect interest (don't do this, their automated system actually can't differentiate between a chequing -> savings withdrawal from a regular withdrawal).

And then when I need to actually use the money to buy crypto, I would withdraw what I needed from my savings to chequing and send the e-transfer. If you get a big deposit, you're supposed to let that money sit for a few days. Or else it makes the bank detection system think you're laundering money.

I'm going to just deposit straight to my savings account from now on from the other bank and then lift from my savings to chequing on an as needed basis when I need to buy crypto (though I am buying $20,000+ worth of crypto a month). Hopefully that will not flag. If not, fuck this shit. lol. I should be allowed to spend my money however I want so as long as I'm buying something legal.

If you are wondering why I am making large regular deposits from one bank to another, it's because the bank I am withdrawing money from basically told me to fuck off for buying crypto. So I moved that money to another bank (in this case, RBC), hoping that they would be more willing to let me buy crypto.