Here's What Happens if You Deposit More Than $10,000 in Cash Into Your Bank Account
Cash deposits of over $10,000 must be reported to the federal government. You shouldn't have any problems, though -- just ...
Here's What Happens When You Withdraw More Than $10,000 From Your Savings Account
When Richard Nixon was in the White House, Congress passed the Bank Secrecy Act, requiring banks and credit unions to report ...
American Banker18d
It's time to do away with the obsolete currency transaction report
One component of that regime is long overdue for an overhaul: Currency Transaction Reports, or CTRs, that are filed whenever a customer makes a large cash deposit or withdrawal ... to impose a ...
If You Deposit a Lot of Cash, Does Your Bank Report It to the Government?
Depositing $10,000 or more in cash means your bank or credit union will report it to the federal government. The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress ...
The Globe and Mail6mon
How Withdrawing $10,000 From Your Bank Could Cause You a Headache
When banks fail to report large cash transactions, criminal and suspicious activities can fly under the radar. For example, the bank Wachovia -- now a part of Wells Fargo -- once let billions of ...
The Motley Fool7d
Here's What Really Happens When You Withdraw $10,000 From Your Bank Account
Withdrawing $10,000 is completely legal, but large cash transactions can attract IRS attention -- especially if they seem unusual or frequent. If your withdrawal is linked to legitimate activities ...
U.S. News & World Report1y
If You Deposit a Lot of Cash, Does Your Bank Report It to the Government?
Small business owners who often receive payments in cash also have to report cash transactions exceeding $10,000. Depositing $10,000 or more in cash means your bank or credit union will report it ...