Sam1647545489 Posted October 1, 2007 Report Share Posted October 1, 2007 How much money can be deposited into 1 account in cash at one time without getting red flagged. I keep hearing 9999$ at 1 time in 1 month. Can more then 10k cash be deposited into 2 accounts without being red flagged. Quote Link to comment Share on other sites More sharing options...
MrMeanGreen Posted October 1, 2007 Report Share Posted October 1, 2007 http://www.occ.treas.gov/bsa/documents/red_flags/Deposit_Acct.pdf Quote Link to comment Share on other sites More sharing options...
Bam Posted October 1, 2007 Report Share Posted October 1, 2007 $10k cash automatically flags the system to do a report, BUT a teller or any bank person can flag ANY deposit at any time. And even if the person at the bank doesnt flag it, the back room still can at any time, like if you were to deposit cash at different times or banks, they are very good at what they do, what are you trying to avoid or cover up? Why even ask this question on a public forum? Quote Link to comment Share on other sites More sharing options...
HAOLE Posted October 1, 2007 Report Share Posted October 1, 2007 I get so sick of the government in our business. What business is it of theirs if I stuff $20's in my mattress for ten years then deposit it into a bank. The sooner our country gets rid of the IRS and Federal reserve the better. Quote Link to comment Share on other sites More sharing options...
nurkvinny Posted October 1, 2007 Report Share Posted October 1, 2007 Banks can set their reporting limits to any amount they want. There are regulated amounts they must report on for the government (i.e. 10k for Patriot Act), but their analysts can view reports for any amount they plug in. They can also create reporting that shows that top X number of transactions per day/week/month. I often withdrawal and deposit 10k+ for buying or selling a car, but I'm not worried about it since I'm not doing anything illegal. Quote Link to comment Share on other sites More sharing options...
2pointslow Posted October 1, 2007 Report Share Posted October 1, 2007 if its not illegal theres nothing they can do! Quote Link to comment Share on other sites More sharing options...
Akula Posted October 1, 2007 Report Share Posted October 1, 2007 I deposited over $40k and never heard from anyone. It really depends. If there is no transaction record or the check isn't from someplace like a title company you can bet someone will say something. Quote Link to comment Share on other sites More sharing options...
jeffmeden Posted October 1, 2007 Report Share Posted October 1, 2007 Yeah, it's really only a problem if you outright have something to hide. I haven't had a bit of a problem moving cash or checks in excess of 10k at a time, but then again I'm not a drug dealer or international tycoon trying to skirt income taxes... Quote Link to comment Share on other sites More sharing options...
NTHER91 Posted October 1, 2007 Report Share Posted October 1, 2007 to your question Sam its 10k Quote Link to comment Share on other sites More sharing options...
Sam1647545489 Posted October 1, 2007 Author Report Share Posted October 1, 2007 Trust me it isnt anything illegal. We had a big concrete job where I made some decent money off of and got paid 1/2 in cash, and I want to deposit it into my account without paying on it. Quote Link to comment Share on other sites More sharing options...
ohioko4s4 Posted October 1, 2007 Report Share Posted October 1, 2007 Trust me it isnt anything illegal. We had a big concrete job where I made some decent money off of and got paid 1/2 in cash, and I want to deposit it into my account without paying on it. If you're trying to avoid an audit trail, then break up the deposit beyond 30 days, or better yet, give the cash to a few friends/family and have them write you checks in return. Quote Link to comment Share on other sites More sharing options...
evan9381 Posted October 1, 2007 Report Share Posted October 1, 2007 yeah. id just deposit 1/2 and hold onto the other 1/2 for a month which would be worse? not getting the intrest for 1 month on 5k or having the possibility of someone hassling you with a bunch of questions on what happened? Quote Link to comment Share on other sites More sharing options...
2pointslow Posted October 1, 2007 Report Share Posted October 1, 2007 Set up an account at another bank. Most people with money have multiple banks. Quote Link to comment Share on other sites More sharing options...
Drewhop Posted October 1, 2007 Report Share Posted October 1, 2007 Set up an account at another bank. Most people with money have multiple banks. Two accounts it the way to go I doubt a bank will do major investigation if you were to open account with large deposit. Quote Link to comment Share on other sites More sharing options...
1Quik7 Posted October 1, 2007 Report Share Posted October 1, 2007 i made a rather large cash deposit into National City back during the summer...we're talking a brown bag full of money no questions were asked, all the teller told me was because the amount was greater than $10k only $2k were immediately available, the rest would be in increments of $5K/week. Quote Link to comment Share on other sites More sharing options...
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