LivingOffGamblingMoney said:What's the number where the bank HAS to report the funds to the irs?
Fishhead said:This is always a "NOBODY KNOWS FOR CERTAIN" issue.
Some say 2500, others 3000, and others 10,000...........per transaction and/or month.
Having said that and this is something that really concerns anybody for whatever reason, perhaps one should try(if possible), to limit their withdrawls to bank accounts to LESS than 2500 per month.
I believe it is safe to say that this would cover the vast majority of posters here and something they could adhere to.
LivingOffGamblingMoney said:So when i get a check for $7100 from Pinnacle and cash it tomorrow, it will throw up a red flag?
Brock Landers said:Shouldn't do a thing.
Deposited a check for 96,000 from my parents a few years back and wasn;t even questioned about it at the bank, 2 mins in and out.
World Number One said:are they looking to adopt by any chance ?
i'm a well behaved 43 year old who keeps his room real clean and doesnt mind mowing the lawn.
Brock Landers said:well i had to pay it back LOL
Wasn't a "gift"
But bottom line, if i can deposit that check in the bank and not be bothered by a thing, then 7000 or whatever is nothing.
bigbet1234 said:Again, if you have nothing to hide, and have your proper record keeping withdrawal whatever the hell you want.
I have 5 figure withdrawals and deposits in my checking account monthly. Never a problem
BB