The $200 Rule That Will Change Banking Forever
The $200 Rule is here, and it’s changing banking forever! In today’s video, I’m diving into how the feds and your bank are cracking down on cash transactions, with new thresholds that trigger suspicious activity reports as low as $200. What started as a way to curb crime is now impacting everyday people, businesses, and workers who rely on cash. From lowering transaction limits to scrutinizing patterns, this major shift will affect how you handle money. I’ll break down the history behind this, the impact on remittance from states like California and Texas, and why cash-based businesses are…
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