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Cash now used for fewer than half consumer payments...

I use debit cards, credit cards, cash, and even bitcoin. Each has their pluses and minuses depending on the type of transaction.
 
They can and will only do that in the event that levies need to be put on your account for such things as back taxes, unpaid child support, unpaid debt, etc. And those can only happen with a judgment. The government can't block your account for no reason. Only a judge can, and only with verifiable just cause. If you owe a private creditor money or the government money, te process to freeze your account is a long one. It's your responsibility to know if you owe money.

By the way, they don't prohibit further transactions on your account. You can still put money in the account.

They happen without judgment all the time and you have to bring suit for restitution in most situations. My parents went through this with the IRS when I was about 12. It was not fun and all because of my mother doing the books for the business made a minor mistake with some arcane accounting rules. My sister went through it as well because of a mishap with UPS and the Postal service and accounting issues it was a bloody mess that included the feds coming after my sister who was barely 21 at the time trying to keep her business afloat and dealing with stupidity not of her own making. The Feds zap money out of accounts all the time without court judgment or orders and so does the Franchise Tax board of California. It may or may not be unlawful, I get differing opinions on that, but I do know it is done all the time.
 
Lets hope you never live in paralyzing fear of mathematically improbable situations.... too late

Hope you don't have a dispute with a government agency that involves money.
 
Hope you don't have a dispute with a government agency that involves money.

People are generally distrustful about government except when it comes to money.

It is really amazing.
 
Mistakes happen and you will starve trying to sort it out.

How many examples can you provide of a judge issuing a levy against a bank account for a consumer who was current on the debts to the collector who asked for the levy? Or examples of the IRS doing it? Or the government when we're talking about student loans?
 
They happen without judgment all the time and you have to bring suit for restitution in most situations. My parents went through this with the IRS when I was about 12. It was not fun and all because of my mother doing the books for the business made a minor mistake with some arcane accounting rules. My sister went through it as well because of a mishap with UPS and the Postal service and accounting issues it was a bloody mess that included the feds coming after my sister who was barely 21 at the time trying to keep her business afloat and dealing with stupidity not of her own making. The Feds zap money out of accounts all the time without court judgment or orders and so does the Franchise Tax board of California. It may or may not be unlawful, I get differing opinions on that, but I do know it is done all the time.

A bank needs legal documentation ordering them to freeze accounts or levy against accounts. It doesn't happen "all the time". They need just cause. The IRS can't access a bank's core system. And banks wont do it without legal order.
 
A bank needs legal documentation ordering them to freeze accounts or levy against accounts. It doesn't happen "all the time". They need just cause. The IRS can't access a bank's core system. And banks wont do it without legal order.
Funny, people keep saying that yet I have seen otherwise firsthand and have know of several secondhand instances what you say is not always the case. I am not saying you are wrong, I am saying that what you are saying is not by any means de facto. The IRS does not always play by the rules, and yes the banks do rollover when they ask even if they don't have a court order.
 
Funny, people keep saying that yet I have seen otherwise firsthand and have know of several secondhand instances what you say is not always the case. I am not saying you are wrong, I am saying that what you are saying is not by any means de facto. The IRS does not always play by the rules, and yes the banks do rollover when they ask even if they don't have a court order.

If a bank freezes an account without legal cause, which can be a levy authorized by a judge or their own suspicion of illegal activity or the IRS garnishing your bank account (in which case the bank receives legal notification) or levies for defaulted student loans, the bank has committed a crime. No, they don't "roll over". I know the laws. I know what they can and can not do. I make my living in that space.
 
How many examples can you provide of a judge issuing a levy against a bank account for a consumer who was current on the debts to the collector who asked for the levy? Or examples of the IRS doing it? Or the government when we're talking about student loans?

How many can I?

I am sure you can find case after case on Google about people who lost it all because the government said they owed weather they did or didn't.
 
How many examples can you provide of a judge issuing a levy against a bank account for a consumer who was current on the debts to the collector who asked for the levy? Or examples of the IRS doing it? Or the government when we're talking about student loans?

I can however tell you about my personal experience with the state government of Nevada.
 
If a bank freezes an account without legal cause, which can be a levy authorized by a judge or their own suspicion of illegal activity or the IRS garnishing your bank account (in which case the bank receives legal notification) or levies for defaulted student loans, the bank has committed a crime. No, they don't "roll over". I know the laws. I know what they can and can not do. I make my living in that space.

OK, let's say they have.

How long will you go without money while you prove that?
 
OMG. That isn't what the FDIC insurance is for. It doesn't cover you in the event of fraud or stolen checks or anything else. It covers you in the event of bank failure. It started in 1933 to prevent another 1929.

Good grief. You shouldn't give bad information to people.

He was sleeping during the "New Deal" section of American History class.
 
It's easier to install a skimmer than it is to break cryptography - apples and oranges. Cash is not a suitable solution just because printing and laundering have been under public scrutiny since Isaac Newton.

Then I guess we have to abandon money altogether.
 
How many can I?

I am sure you can find case after case on Google about people who lost it all because the government said they owed weather they did or didn't.

I'm sure you can. Nobody would make the claim that the IRS doesn't make mistakes. They do. Everyone does. What does it have to do with not having a bank account and keeping your cash in your mattress?
 
OK, let's say they have.

How long will you go without money while you prove that?

How often does it happen when a bank freezes your account with absolutely no just cause? Can you find 5 links recently? 10?

A bank won't deny you access to your money for no reason. They can't. So if they do it, it's because they were presented with a judgment, or some legal evidence that said freezing is within the letter of the law. This is not an ongoing problem, and the banks aren't the ones guilty of it when a mistake is made.

So is the answer just not keep your money in a bank account, and then you won't be the victim of that .00000000000001% mistake?
 
I'm sure you can. Nobody would make the claim that the IRS doesn't make mistakes. They do. Everyone does. What does it have to do with not having a bank account and keeping your cash in your mattress?

It has to do with a cashless society which is what this thread is about.
 
It has to do with a cashless society which is what this thread is about.

So because the IRS may make a random mistake and say someone owes money when he doesn't, that's a good reason to not go to a cashless society?
 
If a bank freezes an account without legal cause, which can be a levy authorized by a judge or their own suspicion of illegal activity or the IRS garnishing your bank account (in which case the bank receives legal notification) or levies for defaulted student loans, the bank has committed a crime. No, they don't "roll over". I know the laws. I know what they can and can not do. I make my living in that space.

Perhaps we have a miscue here. I am saying the IRS and franchise Tax Board routinely act on their own authority, without judicial intervention and regularly seize account contents. Are you saying they MUST have judicial oversight and consent via a court order, and that banks will not comply without said order?
 
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