How do providers deal with the cash?

[majorjohn]

I suddenly start to wonder, how to providers deal with the large amount of cash they receive?

It's obviously a bad idea to keep them with you or leave them at home. Not to mention some providers tour a lot.


It is also a bad idea to deposit large amount of cash to the bank regulary.


I am pretty sure if you spend large amount of cash, such as buying an air ticket or booking weeks of hotels, you will be watched. If there are large amounts of transaction in the bank for instance more than 20k, you will be watched too.


People with finance background and experiences know what "l" is, but I doubt many providers have such knowledge.

[matchingmole]

They have been known to buy car washes in Albuquerque.

[Guest123018]

[pyramider]

Originally Posted by majorjohn

I suddenly start to wonder, how to providers deal with the large amount of cash they receive?

It's obviously a bad idea to keep them with you or leave them at home. Not to mention some providers tour a lot.


It is also a bad idea to deposit large amount of cash to the bank regulary.


I am pretty sure if you spend large amount of cash, such as buying an air ticket or booking weeks of hotels, you will be watched. If there are large amounts of transaction in the bank for instance more than 20k, you will be watched too.


People with finance background and experiences know what "l" is, but I doubt many providers have such knowledge.

Why is it your business how the ladies deal with cash?

They probably go to the grocery store and pay bills.

[joesmo888]

launder mats to 'wash' the money away

the banking system is not like it was back in the 80's, you can deposit up to 10K in the bank and there is zero red flags.

if you have a real job or a small business on the side or own real estate/rental property its easy to wash money..

[Guest061814]

Like mentioned before, depositing less than $10k raises few if any red flags. The issue then becomes about paying taxes on your earnings. Lots of people deposit cash, bartenders, cab drivers, auctioneers, etc.

For those hoping to avoid a paper trail for some reason, a safe at home or a safe deposit box at your local bank is a simple solution.

That said, I knew a stripper once who, along with her DJ boyfriend, literally saved enough to buy a house (cash) and kept the money in shoe boxes under the bed.

[pyramider]

There is a lot more to bancks tracking money today. The $10K threshold is outdated. Bancks can file Suspicious Activity Reports, SARs, over a lot less than $10K.

[joesmo888]

okay well unless you are as huge as Heidi Fleiss I don't think the 'gubment' cares about busting some escorts who are putting cash in the bank

lots of jobs and businesses rake in tons of cash everyday.. vending businesses bring in tons of coins. its not suspicious to make cash deposits in a bank

[Audrey Astor]

You're silly.... Just how much cash do you think we have? Just have a business bank account for your LLC or however you run your business, and pay your taxes. voila!

Sometimes if I have a big wad I don't want to put in the bank, I put it in the bottom of a cereal box.

[DangedDragon]

Originally Posted by Holly Love

YSometimes if I have a big wad I don't want to put in the bank, I put it in the bottom of a cereal box.

What time should I drop by for breakfast? Sounds like the prize at the bottom of the box is much better at your place.

[Guest102419]

A majority of the ladies, have it spent before they open the envelope. No different than me, having my check spent, before I get it. Everyone has bills, cost business etc....

Not a big deal, as I see it.

[DMike]

Originally Posted by pyramider

There is a lot more to bancks tracking money today. The $10K threshold is outdated. Bancks can file Suspicious Activity Reports, SARs, over a lot less than $10K.

yup my friend raised a flag when he deposited $7gs cash ! ..hookers dont earn that much unless shes one of them $1500-$2000 per hour one, which 99.9% here ain't !

[majorjohn]

Originally Posted by joesmo888

launder mats to 'wash' the money away

the banking system is not like it was back in the 80's, you can deposit up to 10K in the bank and there is zero red flags.

if you have a real job or a small business on the side or own real estate/rental property its easy to wash money..

that's exactly what I meant, the "l".

[samantha thom]

I run my financials exactly like small business owners do. Business account, safe deposit box at the banks, have my own 401K, IRA, business banking, a CPA, etc etc etc. I have a financial background so that helps I guess. But you don't really need a degree, it's all common sense with a little research.

[Guest052616]

Originally Posted by samantha thom

I run my financials exactly like small business owners do. Business account, safe deposit box at the banks, have my own 401K, IRA, business banking, a CPA, etc etc etc. I have a financial background so that helps I guess. But you don't really need a degree, it's all common sense with a little research.

+1 I do have a CPA... but it also doesnt take much more than common sense. INVEST! Set some aside for a rainy day. Pay ahead on bills...