Is it REALLY our money?
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The banks can call the cops on you if they think it’s suspicious that you’re withdrawing $5000, of your own money. There are rumors online about a new Presidential mandate to any deposit or withrawal of that amount to be suspicious. I don’t know about that, but there is at least a legal basis for it. I found out about the policy when it was reported that’s how Dennis Hastert‘s serial child molestation came to light.
 
I ran into something like this when I cashed out my 401k to save my home from foreclosure. I was literally interrogated by the bank employees and the cops even showed up, over a check cut by Fidelity, to me, at a bank that I had both a checking account and a mortgage with. The details are too humiliating to air, but I lost the money and the house, and treated like a criminal the whole time I was being robbed of both.
 
It’s in your name, but it’s not your money. The government ultimately decides who those Federal Reserve notes actually belong to.
 
Indirect footnote: when the govt “sued” Bank of America for fraudulent foreclosures, see if you can find out how many of the victims actually got their homes back. And how many of them saw a penny of the $16 billion fine imposed on the bank. Seriously. I’ll wait.

Source: Online Manual – BSA InfoBase – FFIEC

“Banks, bank holding companies, and their subsidiaries are required by federal regulations53 to file a SAR with respect to. . .Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more, if the bank or affiliate knows, suspects, or has reason to suspect that the transaction. . . Has no business or apparent lawful purpose or is not the type of transaction that the particular customer would normally be expected to engage in. . .”