[Rhodes22-list] PayPal Issues - Tool Update

[Joseph Hadzima]

That sounds a little silly!

I knew there was a trigger for banks to notify Big Brother
for Transactions over 10,000, but that total 10,000?  I've
had the same bank account for years, and haven't had to
reopen it.  that would make everyone that paid 1000/month
rent a suspect every ten months if they paid by check!


--- John Lock <jlock at relevantarts.com> wrote:

> At 06:40 AM 4/24/2007 -0500, Brad Haslett wrote:
> >Now here's the question: has anyone else faced this
> issue?  If so, 
> >what is so special about
> >the $10,000 number?  Is this a banking or Homeland
> Security reg?
> 
> I knew they had some kind of limit and it had to do with
> avoiding 
> some kind of government scrutiny.    Unfortunately for
> PayPal users, 
> your transaction total isn't shown anywhere obvious where
> you can 
> track it.  If you hit the limit, you have to close that
> account and 
> open a new one... start all over again.
> 
> The best way I know to find where you stand on your
> transaction total 
> is to download your entire history in comma-delimited
> format (use a 
> start date of 01/01/1990 thru the current date).  Open
> that with 
> Excel and do a sum on the "Balance" column.
> 
> Cheers!
> 
> John Lock
> ~~~~~~~~~~~~~~~~~~
> s/v Pandion - '79 Rhodes 22
> Lake Sinclair, GA
> ~~~~~~~~~~~~~~~~~~
> 
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