Brothers, today let's talk about the pitfalls of selling U for cash!

If you earn several million in one go by selling U, the bank will not only call to ask for clarification but may even visit you in person. Their purpose is not to be concerned about you, but to promote wealth management, trusts, insurance products, and even invite you to apply for a VIP gold card. Be sure to be cautious!

Risks of selling U

  • Level 3 black money: accounts are likely to be frozen for 3 days, with large amounts possibly frozen for up to half a year.

  • Level 2 black money: Accounts are frozen for 6 months, and in severe cases, funds may be confiscated.

  • Level 1 black money: suspected of concealing criminal proceeds, with a light penalty of at least three years in prison; the cost is extremely high!

How to avoid pitfalls?

  • Don't be greedy for cheapness: If the price for buying U is ridiculously low, or selling U is much higher than the market (for example, if the market is 7 yuan, you sell at 7.5 yuan), knowing this is abnormal and still trading can lead to severe consequences.

  • Don't go to platforms or look for U merchants: Offline cash transactions carry extremely high risks, not only a high probability of black money but also potential threats to personal safety.

Safe cash-out methods

  • Trade with familiar and reliable people: The other party pays first, and then you give U. After receiving the money, be sure to verify the funds; accounts with insufficient deposit time of less than 3 days and frequent transactions should be avoided at all costs.

  • Withdraw cash in batches slowly: For example, if you want to cash out 10 million, you can withdraw about 200,000 daily using Alipay, avoiding hasty actions that may lead to risk control or abnormal funds.

  • If you can avoid using a bank card, do so: selling for Hong Kong dollars requires qualifications, procedures, and specialized channels. Don't try easily without understanding.

Common situations in bank risk control

  • Small amount: Banks generally won't inquire.

  • Large and frequent amounts: may be restricted from non-counter transactions and can only be processed at the counter.

  • Clean background: The source of funds is legal and clear, and banks usually won't ask too many questions.

  • With a 'criminal record': Banks will investigate very carefully, and the risk is high.

Summary: The risk of selling U for cash is extremely high, so don't be tempted by cheapness or convenience. Find reliable people and take it slow; safety first, and steady progress can avoid bank risk control and getting involved in black money! Brothers, be cautious and uphold your bottom line!

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