[asimovDev]

i don't think my bank will let me withdraw 400k in cash with the reasoning of "I want to throw it"

[tencentshill]

Just call your dedicated wealth manager.

[throw1234567891]

Maybe it was a bank transfer.

[cobertos]

Those are limited to $25k/day for my current bank. Are those not limited elsewhere?

[IshKebab]

That's only a default limit. You can talk to your bank to allow more, e.g. for buying a house or a car.

[dinkblam]

No.

[fhn]

your bank owns your money?

[AlotOfReading]

It's the norm in the US (and pretty much everywhere else with well-implemented developed financial infrastructure) for banks to apply extra scrutiny and roadblocks to large withdrawals. There's a patio11 article going over some of the reasons [0], but it notably generates paperwork for the bank reporting the withdrawal to the government and enables a lot of fraud to allow immediate access.

[0] https://www.bitsaboutmoney.com/archive/two-americas-one-bank...

[asimovDev]

yes, I have to apply in advance if I want to withdraw large amounts of cash and it has to be approved.

[jazzyjackson]

This is more 'multi-factor authentication' than deciding what you can spend your money on