Posted:
#1
"...That's not actually true, the 10k rule is a hard rule requiring the bank to report the deposit, banks have their own rules and regulation on how to deal with "questionable" deposits even if its under 10k. No bank want to be named in some money laundering scandal.
Banks have software to detect patterns. Plenty of people have been investigated for making 9k deposits because of the 10k rule. If there is any signs of a irregular deposit pattern above your normal usage you will be flagged."
Banks have software to detect patterns. Plenty of people have been investigated for making 9k deposits because of the 10k rule. If there is any signs of a irregular deposit pattern above your normal usage you will be flagged."
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So what it the best way to deposit? I set up a new account at Citibank, but I don't know if depositing foreign checks is better or worse than receiving foreign wire transfers. And I don't know how I should space them.
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