Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Need Help with Bank Tracing my funds.... ASAP...

Posted on: 30th Jun, 2008 01:44 pm
Bank wants to trace the 14k I've deposited in my account less than 60 days ago. What should I do? These are cash in home and no records for tracing amount. Any alternatives I could used.. Please help??
Hi Tylees,

Welcome to forums.

Why is the bank tracing your funds? There must be reason behind it. Can you please clarify your situation a bit?
Posted on: 30th Jun, 2008 09:27 pm
This is unusual for the bank to do something like this, they must suspect that there is something illegal going on if they are doing a trace. Where did you come up with the money, if you sold something, can you get the buyer to sign a reciept or something.

If you provide more details then maybe some one here can help.
Posted on: 10th Jul, 2008 06:06 am
I have worked for a bank and there really isnt a reason to trace unless they have some sort of probable cause that illegal activity is going on
Posted on: 17th Jul, 2008 05:57 am
I also worked for a bank...illegal activity or the suspicion of it is the main reason.
Posted on: 17th Jul, 2008 05:58 am
the word trace appears on my bank statement what is it
Posted on: 02nd Mar, 2009 11:15 am
Hey sheryl....it would be better if you could ask the bank regarding the issue. I guess the bank wants to trace the origination of the money.
Posted on: 02nd Mar, 2009 08:59 pm
Page loaded in 0.126 seconds.