How much cash could you access?

[Anonymous]

1 day to max out credit cards,
3 days to sell all my brokerage investments,
7 days for 401k withdrawal or loan
30-60 days to get a mortgage refi/home equity loan,
Not sure how long to get a loan against my other assets that are worth $100M for taxes but $1B for collateral

[Anonymous]

OP is this post prompted by wondering why Michael Cohen, a lawyer in NYC, had to get a loan for the payment to Stormy Daniels?

[Anonymous]

-0 cash on me
-Could get around $10k-$25k from our bank if it was between 9-5 and after a payckeck deposited but bills not yet paid/$ swept from account, less if only ATM (whatever the limit is)
Can get over $500,000 from investment accounts in about 24-36 hours
A month - if drained everything, including retirement accounts and sold the house, around $5 million give or take

[Anonymous]

Are you planning some kind of ransom OP?

[Anonymous]

Anonymous wrote:24 hrs $6.5 million

Same.

[Anonymous]

Just a reminder for the financially ignorant of which there seems to a lot:

Your credit card limits (or someone else’s) is not as good as cash. Even cards with insanely high limits have much lower cash advance amounts. Read the fine print on your statements.

[Anonymous]

Also remember that many banks aren’t going to be able to hand over $25K on the spot. Many require an order to be put in so they can get it from a vault and will need approval from the right level/authority.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Commenters are conflating real cash with bank/wire transfer.

Op here. I didn’t mean it quite that literally. Wire is fine. But if you have the funds not in dollars (ie stocks, foreign currency or other assets, it is what you can liquidate in the time frame).

Really wondering what situations you are envisioning here OP.

[Anonymous]

Anonymous wrote:Also remember that many banks aren’t going to be able to hand over $25K on the spot. Many require an order to be put in so they can get it from a vault and will need approval from the right level/authority.

Right. For federal reporting/fraud protection reasons, banks must limit the amount of cash that you can withdraw in a day.


https://smartasset.com/checking-account/how-much-cash-can-you-withdraw-from-your-bank

[Anonymous]

Anonymous wrote:Are you planning some kind of ransom OP?

It sounds like it. Remember this evil freak from 2015?

https://www.washingtonian.com/2019/06/11/a-new-podcast-further-investigates-dcs-mansion-murders/

[Anonymous]

$1000 ATM limit one day
$50k if bank was open and they’d let me
$250k same day if they’d take a check (line of credit)
$800k in a week if my financial planner didn’t flag suspicious behavior lol

[Anonymous]

I've got about $50 in my wallet and at home
24 hours - $200 from the ATM. Probably another $1000 from a bank branch.
1 week - another $3k from some other accounts
1 month - maybe $500 from selling our house (quickly) and liquidating the retirement accounts

I already told the kids that I'm not paying their ransoms; they're going to have to figure that it out based on watching action movies

[Anonymous]

Anonymous wrote:

Anonymous wrote:24 hrs $6.5 million

Same.

I don't know a lot about banking, but I would assume it would take a bank a few days to get a delivery of 6.5 M in cash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:24 hrs $6.5 million

Same.

I don't know a lot about banking, but I would assume it would take a bank a few days to get a delivery of 6.5 M in cash.

They would require you to break it up into smaller increments over days for this very reason.

[Anonymous]

You’d end up dead even if you pay the ransom. The murderers would just spend your ransom money after murdering you.