Ever withdraw $1,000,000 in cash from your bank? I did. Here’s what happened.
I went to the bank last summer and told them I needed a million dollars—cash. They asked for a reason, and I replied, “You didn’t ask me for a reason when I put it in, so why are you asking me about it when I want to take it out?” Think about it, what business is it for the bank to know why I’m taking my money out? What I really wanted to do was to test to see if I could even get my money. The excuses the bank used to not give me my million dollars right away were many.
What follows is a list of things your bank may tell you next time you want to withdraw a large amount of cash:
1) You need to meet with the IRS
My bank actually told me this. Why would I need to talk to the IRS to withdraw cash from a checking account? This isn’t some dividend from a stock I’m cashing in. Let your Uncle G tell you about your Uncle Sam. You’re getting ripped off by him—he is stealing from you and giving it to the IRS who then wastes it. He’s the uncle you have that only comes around when he wants something from you. You don’t need to meet with him to withdraw your cash from the bank!
2) You must have security with you
I’m packing heat every day, I don’t need a security officer to escort me back to my car—and neither do you. I don’t know if you’re going to a bank in the ghetto, I don’t know if you are a black belt, I don’t know how well you can handle yourself, but if you need to get a security officer to escort you and your money from the bank lobby to your car, that’s your decision, not the bank’s decision.
3) You should take a cashier’s check
This one really irritated me. I didn’t want a cashier’s check, I wanted cash. Don’t let your bank bully you into taking something you don’t want or need. If you have a lot of cash, you should be able to take a lot of cash, not just settle for a cashier’s check.
4) You need to take financial training classes
This is the most ridiculous excuse of all for a bank not wanting to follow through with their duty. What do they know about money that they can teach me? I’m the one with millions of dollars, not these cashiers and managers telling me I need to take a class. I should give them a lesson—you get rich from sales; you don’t get rich working at a bank. Never let your bank persuade you into taking financial training when you want to withdraw a “large” sum of money.
5) You must order the cash
This is because they actually don’t keep all the money that is sitting in the accounts on location. They gladly take your money, but then it turns to digits on a computer. You will have to wait for your money if you want to withdraw a large sum because the bank many not have the kind of cash you want to withdraw in their vault.
A packet of one hundred $100 bills is less than 1/2″ thick and contains $10,000.
A million dollars is only 100 of these little things.
You can fit a million dollars into a backpack, literally. It’s not like I left the bank with a tractor carrying a crate of money. My million only weighed about 22 pounds.
The point is this—if you have large sums of money in a bank, be careful, because one day when you need it you might not be able to get it out right away.
If you have nothing to withdraw because you have no money and a baby income, it’s time to get yourself on Cardone University. Get your financial house in order! Also get yourself to 10XGrowthCon, which will be the best networking event you’ll ever attend. Give yourself 3 days of immersing yourself with guys who have hundreds of millions of dollars.
Learn more here.