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Ever cashed out a large amount?

Elessar · 2021-12-06 17:03:37

Has anyone here cashed out a large amount (5 figures+) of crypto to an Irish bank? Just wondering if there does be any hassle from them or do accounts get frozen or reported etc. even if the money is legit? I've been reading horror stories from places like the UK where people get their houses raided by police in early…

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06-12-2021 6:03pm

#1

Elessar

Registered Users Posts: 5,251 ✭✭✭

Join Date: November 2003

Posts: 4689

Has anyone here cashed out a large amount (5 figures+) of crypto to an Irish bank?
Just wondering if there does be any hassle from them or do accounts get frozen or reported etc. even if the money is legit? I've been reading horror stories from places like the UK where people get their houses raided by police in early morning raids because they cashed out large amounts of crypto and the bank just assumed it was from drugs or something...

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#2 06-12-2021 8:29pm
Ixlandia

Registered Users Posts: 68 ✭✭

Join Date: February 2019

Posts: 60

I think what I would do is contact my bank first, let them know what you intend on doing. It would be interesting to see what they would do.

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#3 06-12-2021 10:30pm
melatonin

Registered Users Posts: 107 ✭✭

Join Date: May 2005

Posts: 89

Wouldn't take a chance with cashing drugs but crypto you should be fine

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