without the IRS getting a letter....I have cash that I have saved over last couple of years and need to get it in the bank and invest with it. I DON%26#039;T want to cause an audit from IRS though. Yes, this cash is HONEST money earned.
How much cash can I deposit at one time in the bank?military loans
You can deposit as much as you want at one time but you will only be insured by the bank for a certain amount. That is something you need to check on. It is the reason many people use more than one bank. The amount of insured differs depending on whether it is a bank, a credit union, etc.
The deposit of more than $10,000 at one time must be reported to the government. This came into being to try to monitor illegal drug transactions
How much cash can I deposit at one time in the bank?
loan
I would keep it below $5000 per day..|||Banks are required to report any cash transaction of $10,000 of more.
You can spread your cash around to several banks and stay within the rules, and not get reported.|||i deposited 20000 pounds. nobody asked anything. probably call the bank anonymously and ask|||9,999.00 if you put ten thousand dollars in then the bank takes pictures of your driving license and fills out a report that goes to government agency,just stay under ten and you will be ok.I go to bank six days a week but never put in over ten inany banking day.|||Technically it is 9999.00 dollars, but banks do report large amounts of cash put into a bank account over time.|||I am not going to help you cheat the IRS.|||Ask your bank. It is a facet of the Patriot Act that is causing them to report. Don%26#039;t be paranoid. If it is honest money then there is no issue. I am told that anything less than $5K is not auto reported.|||Keep it below $10,000.|||if this would have been something different i would have loved to help you but there are 3 people you don%26#039;t mess with,the I-R-S.|||Like it has been already said, spread it to multiple bank accounts in multiple banks.
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