True. Notice that putting your money in is easy, taking it out, not so much. The IRS restricts the amount you can take out at one time. I structure my withdrawals under $5,000 at a time to avoid being flagged. The idea that the money is no longer yours once it's deposited is to allow the bank to use it as leverage. Sure, you can withdraw it. But legally, the bank owns it while it's in possession of it
True. Notice that putting your money in is easy, taking it out, not so much. The IRS restricts the amount you can take out at one time. I structure my withdrawals under $5,000 at a time to avoid being flagged. The idea that the money is no longer yours once it's deposited is to allow the bank to use it as leverage. Sure, you can withdraw it. But legally, the bank owns it while it's in possession of it
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