I withdrew less that $10,000 from the Commonwealth Bank today.
I was asked what I need it for?
I said to the teller, " aren't you supposed to ask this only if I withdraw $10,000+?"
She said, "Oh no now it's anything over $1,000 & even if you want to deposit $1,000, we ask you where you got the money from.
So I said to her, as she was being polite this time, that I withdrew the money to pay cash for all my purchases as the banks are closing down & closing ATM's. I also said that I no longer trust the bank with my money & that I think it's intrusive that the govt. wants to know this information.
She said that it is to prevent money laundering to which I replied that the govt. is the biggest money launderer there is.
She just laughed & gave me my money.