Cash Deposit

**Dameon** · 10-27-2011, 07:31 AM

How much cash can I legally deposit in my account without being suspicious? Please help me. Thank you.

**shrigpiece** · 10-27-2011, 07:40 AM

I would look at your local money laundering laws.
Where im from its £5000

**Hipster2U** · 10-27-2011, 07:50 AM

http://www.ehow.com/info_8049309_muc...eport-irs.html

The IRS requires banks to report, using Form 8300, any cash bank deposit of $10,000 or more in value. If a customer deposits more than $10,000 into his account in separate transactions over a 24-hour period, the bank must count all the deposits as one transaction for reporting requirements. If a bank suspects a depositor is placing money at regular intervals into an account to avoid reporting, the institution also must report these transactions to the IRS.

**suTraGrow** · 10-31-2011, 12:42 AM

$9999 with out raising any red flags federally. Personally i wouldn't deposit over $8500 at one given time.

**Dameon** · 10-31-2011, 07:46 PM

Thank you all very much. Good info!

**UnbridledCannabis** · 10-31-2011, 09:17 PM

yea its 9999 just tell em you sold a boat

**WRussian** · 11-03-2011, 08:52 AM

Originally Posted by suTraGrow

$9999 with out raising any red flags federally. Personally i wouldn't deposit over $8500 at one given time.

This is technically true but do know that your bank can decide to file a report with the IRS for ANYTHING they feel is out of the norm for you. If you don't make large deposits often, set up accounts with different banks and deposit smaller amounts.

**JJFOURTWENTY** · 03-22-2012, 03:03 PM

Originally Posted by suTraGrow

$9999 with out raising any red flags federally. Personally i wouldn't deposit over $8500 at one given time.

^What he said. My fed credit union was way cool with me when I came by with a load of dough one day. The MILF clerk actually divvied up the money in 9k increments for me without even being asked to do so!