You are correct. Several years ago I had to take $80K to Israel and I was told by Citibank in Miami Beach to come back the next business day. Interestingly the DHS had Citibank put a freeze on my account until I was contacted via E-mail in Israel and called in and answered a bunch of security questions. They were also very interested in the fact that the week prior to the withdrawal of those funds I made 2 wire transfers to my account in Israel of $9,995 plus I withdrew $7K cash. They must have assumed I was money laundering. So much for Laissez-faire!