It's a general rule of thumb in the U.S. Personally I won't do over $5000 either via cash, wire or neteller. It requires a little more planning and hassle but it's worth the effort. Why wait until you need to remove 10 dimes from a place? Take advantage of the free payouts when offered or pay the fee if required. Don't allow the water level to be raised too high offshore. Remember these places aren't banks and should never be used as resting places for cash no matter how secure people think they are.
since 9/11, overseas wire transfers to U.S. banks are subject to federal eyes.........REGARDLESS OF AMOUNT........
reason....the FBI profiled the Hijackers banking histories, and found numerous transfers of amounts ranging from 2k to 5k well under the 10k reporting amount..........now thats not saying that EVERY or ANY wire transfer from a book is being marked by the feds. its just that there is much more scrutiny than before..
IMO.. a person willing to do a wire-transfer should have all his ducks in a row so to speak, if your concerned with the IRS then i would suggest a different means of receiving my money
reason....the FBI profiled the Hijackers banking histories, and found numerous transfers of amounts ranging from 2k to 5k well under the 10k reporting amount..........now thats not saying that EVERY or ANY wire transfer from a book is being marked by the feds. its just that there is much more scrutiny than before..
IMO.. a person willing to do a wire-transfer should have all his ducks in a row so to speak, if your concerned with the IRS then i would suggest a different means of receiving my money
