Has anybody had a problem depositng over 10k in your bank from a withdrawal??

[jjgold]

JDS yes be careful cash app and Venmo

 

[dustyy]

lol

10k is nothing, just generates a piece of paper that nobody cares about

NOTHING HAPPENS ITS PEANUTS

Absolutely terrible advice. Plenty of people care about that "piece of paper". It's called a CTR and the feds are hot on the trail of these bank generated documents. $10,000 is the threshold but banks look out for structuring which means they monitor total transactions over a period of time that they feel like the individual is trying to avoid the $10,000 transaction that generates the report.

Technology has greatly enhanced the ability to track. I attached a link that briefly describes a CTR and when they are generated.

Terrible advice JJ, you shouldn't post misinformation like that. Just trust me on this one, many people care and they are not our friends.

Currency Transaction Report (CTR): Use in Banking and Triggers

A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.

www.investopedia.com

 

[JDS]

Absolutely terrible advice. Plenty of people care about that "piece of paper". It's called a CTR and the feds are hot on the trail of these bank generated documents. $10,000 is the threshold but banks look out for structuring which means they monitor total transactions over a period of time that they feel like the individual is trying to avoid the $10,000 transaction that generates the report.

Technology has greatly enhanced the ability to track. I attached a link that briefly describes a CTR and when they are generated.

Terrible advice JJ, you shouldn't post misinformation like that. Just trust me on this one, many people care and they are not our friends.

Currency Transaction Report (CTR): Use in Banking and Triggers

A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.

www.investopedia.com

Thank you for chiming in dustyy I appreciate this post.

 

[Brock Landers]

CASH deposits over 10k will raise a flag

A 100,000 check or electronic deposit, zero impact

 

[mrgladwrap]

Absolutely terrible advice. Plenty of people care about that "piece of paper". It's called a CTR and the feds are hot on the trail of these bank generated documents. $10,000 is the threshold but banks look out for structuring which means they monitor total transactions over a period of time that they feel like the individual is trying to avoid the $10,000 transaction that generates the report.

Technology has greatly enhanced the ability to track. I attached a link that briefly describes a CTR and when they are generated.

Terrible advice JJ, you shouldn't post misinformation like that. Just trust me on this one, many people care and they are not our friends.

Currency Transaction Report (CTR): Use in Banking and Triggers

A currency transaction report (CTR) is used in the banking industry to monitor and report cases of potential money laundering.

www.investopedia.com

Great share!

 

[flyingillini]

Lots of crazy information on here. I use stripe for all of my payments and everything gets flagged. I have been audited 3 times over the years. Two of them were transactions from BTC, years ago. There is a trail on everything, some people are luckier than others.

 

[matician]

Cash app just shut me off. Claiming gambling

Really? How do they know it was gambling? Were you getting Bitcoins? Wow

+1, Please share the details on this Mike.

Been using Cash App since 2015 and haven't had any issues... yet.
Granted, when I did send 500, 1k, or more, would note the transaction for cruise, airfares, Disneyland trip

 

[JDS]

+1, Please share the details on this Mike.

Been using Cash App since 2015 and haven't had any issues... yet.
Granted, when I did send 500, 1k, or more, would note the transaction for cruise, airfares, Disneyland trip

That’s a fuckin’ pro tip right there thanks for the idea !

 

[crew34]

It’s still won’t raise flags
Too small

It’s just generates a transaction report just a formality by law

Unless you're a banker this is horrible advice.

The Bank Secrecy Act is officially called the Currency and Foreign Transactions Reporting Act, started in 1970.

It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service.

 

[JDS]

After reading over this thread again I feel like I come to the conclusion of “Mo money Mo problems“ LMFAO.

 

[BigJay]

It’s still won’t raise flags
Too small

Sounds like a personal problem

 

[Brock Landers]

Unless you're a banker this is horrible advice.

The Bank Secrecy Act is officially called the Currency and Foreign Transactions Reporting Act, started in 1970.

It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service.

That's for CASH ONLY
Very important distinction

 

[flyingillini]

That's for CASH ONLY
Very important distinction

Stick to what you are the best in the whole industry , Tennis plays. God Bless

 

[slickfazzer]

Interesting thread. Read it twice.

 

[jjgold]

It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service.

Yes it means nothing

100,000's transactions reports a day to IRS


Lol good laughs

 

[Brock Landers]

It's CASH in and out you fucking dopes

 

[sportsbettor5]

It's CASH in and out you fucking dopes

Not for SARs, bud

 

[JDS]

Not for SARs, bud

Brock Landers has all the answers in life though.

 

[nbw]

It's CASH in and out you fucking dopes

This guy hasn’t seen or held 10 k since Hai WIFES book sales flopped.... hia house mate Tyrone r7na the show at brokes house

 

[jjgold]

People maybe 500,000K might draw some red flags but not 10k