I do not have a checking account and do not want one, I have saved up enough cash to buy a piece of property, $150,000 but the realtor is telling me I have to explain where I got the cash from. I have a very good job and zero debt, the only bills I have are a cell phone, an electric bill, and rent. :confused:

Well there is this thing in banks where you have to fill out a form called CTR (currency transaction report) Its for any transactions in a day involving more then 10,000 in cash. So if your transactions through out the day totalled that we would fill the form out on you. Its also like that here in local casinos. Basically it keeps an eye on cash transactions and if something could appear suspicious. You having to fill it out for that large of a purchase is not a big deal. It doesn't look bad or give you a bad name or whatever.

I didn't really see a question per-se but yes, this is quote common. Buying something or depositing a large amount of cash is not very common unless criminal activity is involved.

You really should consider getting a bank account, this will happen every time you buy a car, another home etc. I don't think this has any negative effect on you but banks have to keep track of large ammounts of cash passing through them.

You may be asked for check stubs from work and proof of where you cashed the checks (maybe not this time but eventually)