Posted:
#1
Without questions being asked or arousing suspicion? (Canada, if that makes a difference)
How much can you deposit at a time into a bank account...
Posted:
#9
Excellent, thanks a lot guys 
Skip, because when I meet with my guy, it is usually for a couple hundred on either side, however last week I won really big on a lucky parlay, and I don't want to run into any problems with depositing cash
Amazing how they don't care if you tap out your bank account every week but the moment you deposit too much it raises flags 
Posted:
#10
What's the best way to take out 30K. I've lost 40K, won 30K, but can't file tax returns because it's via my parents. I don't want to take out checks for 2500 or bank wires for 5000 too often. I've opened a separate bank account for these transactions so as not to get my personal account frozen, but I'm also concerned about depositing foreign checks into a new bank. I deposited a 3K check some 10 years ago, and sure, one or two checks per year probably doesn't draw red flags. But do I keep it to just three or four checks for 2500? Or two bank wires for 5K? That sounds like structuring even if I deposit every other month.
Posted:
#12
I already have a Chase account. They don't accept wires and I've been advised not to deposit in my personal account, lest it be frozen. I guess my question is, is it safe to deposit checks or wire transfers once a month? Every other month? And how much or little should I deposit over the course of a year? 9K in checks looks like structuring, even if spaced out, no? I'm leery of withdrawing 10-20K all in one year.
Posted:
#13
Quote Originally Posted by dollardream:
I already have a Chase account. They don't accept wires and I've been advised not to deposit in my personal account, lest it be frozen. I guess my question is, is it safe to deposit checks or wire transfers once a month? Every other month? And how much or little should I deposit over the course of a year? 9K in checks looks like structuring, even if spaced out, no? I'm leery of withdrawing 10-20K all in one year.
I already have a Chase account. They don't accept wires and I've been advised not to deposit in my personal account, lest it be frozen. I guess my question is, is it safe to deposit checks or wire transfers once a month? Every other month? And how much or little should I deposit over the course of a year? 9K in checks looks like structuring, even if spaced out, no? I'm leery of withdrawing 10-20K all in one year.
Just deposit the whole nut and pay the taxes.
You didn't commit a crime.
Posted:
#15
Quote Originally Posted by dollardream:
I already have a Chase account. They don't accept wires and I've been advised not to deposit in my personal account, lest it be frozen. I guess my question is, is it safe to deposit checks or wire transfers once a month? Every other month? And how much or little should I deposit over the course of a year? 9K in checks looks like structuring, even if spaced out, no? I'm leery of withdrawing 10-20K all in one year.
I already have a Chase account. They don't accept wires and I've been advised not to deposit in my personal account, lest it be frozen. I guess my question is, is it safe to deposit checks or wire transfers once a month? Every other month? And how much or little should I deposit over the course of a year? 9K in checks looks like structuring, even if spaced out, no? I'm leery of withdrawing 10-20K all in one year.
Chase will freeze your account if you deposit a check from an offshore book??? So if they freeze it then what exactly happens? Is it temporary? Or do they close your account?
Posted:
#17
Quote Originally Posted by CincyWillie:
Jeff, just deposited one today at Chase and no problems as usual.
BTW - How's your health?
I'm doing great. Thanks for asking WillieJeff, just deposited one today at Chase and no problems as usual.
BTW - How's your health?
. Turns out that my problem was acid reflux. That is what caused my chest pain and shortness of breath. Hope all is going well buddy
Posted:
#18
Mostly everyone knows this but fwiw-
As long as it's a check, it can be deposited in any amount. For cash, it's under 10k just so the bank doesn't have to fill out an IRS form to notify the IRS of a large cash deposit.
I don't think IRS cares about checks etc- there's a paper trail.
Anyone doing funky biz and the IRS is on your butt you can deposit less than $10k and the bank will still notify them since you will have a marker on your accounts saying notify them when this person cash deposits total $10k or what not- in other words, if you go in and deposit $3k cash 4 different visits you will still get reported.
Posted:
#19
No, that is not true. CASH or CHECK, anything over $10,000 will have a CTR (currency transaction report) filed, UNLESS for example, your company has regular, consistent, large deposits. Company, NOT individual. The IRS most certainly cares about checks too. Now, even if you deposit less than 10G, the bank, if they want to (and most times they don't) they can still file a CTR. My spouse has worked in banking for over 15 years. She says you would have to be very, very suspicous about the check, or a real jerk off to make them call. 99% of the time, if the check is $10G or less, they will NOT.
Posted:
#20
Quote Originally Posted by bandit1010:
No, that is not true. CASH or CHECK, anything over $10,000 will have a CTR (currency transaction report) filed, UNLESS for example, your company has regular, consistent, large deposits. Company, NOT individual. The IRS most certainly cares about checks too. Now, even if you deposit less than 10G, the bank, if they want to (and most times they don't) they can still file a CTR. My spouse has worked in banking for over 15 years. She says you would have to be very, very suspicous about the check, or a real jerk off to make them call. 99% of the time, if the check is $10G or less, they will NOT.
No, that is not true. CASH or CHECK, anything over $10,000 will have a CTR (currency transaction report) filed, UNLESS for example, your company has regular, consistent, large deposits. Company, NOT individual. The IRS most certainly cares about checks too. Now, even if you deposit less than 10G, the bank, if they want to (and most times they don't) they can still file a CTR. My spouse has worked in banking for over 15 years. She says you would have to be very, very suspicous about the check, or a real jerk off to make them call. 99% of the time, if the check is $10G or less, they will NOT.
I deposit over $10k in checks quite often in my personal account and alot of other people do the same. Never had it questioned. Usually when the bank has to fill out a form they sometimes mention it to you also- they did to me when I deposited cash.
CTR you are referring to has no mention of checks:
Here's more public info:
Posted:
#21
Quote Originally Posted by bandit1010:
No, that is not true. CASH or CHECK, anything over $10,000 will have a CTR (currency transaction report) filed, UNLESS for example, your company has regular, consistent, large deposits. Company, NOT individual. The IRS most certainly cares about checks too. Now, even if you deposit less than 10G, the bank, if they want to (and most times they don't) they can still file a CTR. My spouse has worked in banking for over 15 years. She says you would have to be very, very suspicous about the check, or a real jerk off to make them call. 99% of the time, if the check is $10G or less, they will NOT.
No, that is not true. CASH or CHECK, anything over $10,000 will have a CTR (currency transaction report) filed, UNLESS for example, your company has regular, consistent, large deposits. Company, NOT individual. The IRS most certainly cares about checks too. Now, even if you deposit less than 10G, the bank, if they want to (and most times they don't) they can still file a CTR. My spouse has worked in banking for over 15 years. She says you would have to be very, very suspicous about the check, or a real jerk off to make them call. 99% of the time, if the check is $10G or less, they will NOT.
CTR as in Currency, I believe Currency is basically considered cash or coins. Checks like personal or business are not considered currency.
If you read the links above it basically implies that also.
Posted:
#23
Quote Originally Posted by tjohnsont:
CTR as in Currency, I believe Currency is basically considered cash or coins. Checks like personal or business are not considered currency.
If you read the links above it basically implies that also.
Nope. Once again, you are wrong. Call a bank and get the REAL answer, not your made up or implied one. The bank is REQUIRED, by law to file a CTR form for ANY amount over $10,000. UNLESS, it is a business where they do it regularly and it makes sense (for example McDonalds deposits 10 - 20G's most every day). Then you would not have to file one. Don't know where you are getting this checks are not cash idea, that is smiply not true. AGAIN call a bank.
Posted:
#24
Quote Originally Posted by bandit1010:
Nope. Once again, you are wrong. Call a bank and get the REAL answer, not your made up or implied one. The bank is REQUIRED, by law to file a CTR form for ANY amount over $10,000. UNLESS, it is a business where they do it regularly and it makes sense (for example McDonalds deposits 10 - 20G's most every day). Then you would not have to file one. Don't know where you are getting this checks are not cash idea, that is smiply not true. AGAIN call a bank.
I do alot of business with the bank. Don't need a person that gets info from someone else to tell me what I do know or don't know when I have first hand experience.
Do a Google search. People only mention CASH. I didn't make those articles. The only person that thinks otherwise is YOU.
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