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by CannedHeat1973 on February 9th, 2011

CannedHeat1973

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Will a bank require you to fill out certain forms, other than the deposit slip, if the deposit is a high amount? (I.E. $10K or more)

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  • by Liko81 on February 9th, 2011

    Liko81

    http://en.wikipedia.org/wiki/Bank_Secrecy_Act

    In short, pretty much any monetary transaction involving a cash amount in excess of $10,000USD requires a form to be filled out and placed on file with the Treasury Department. This includes depositing, withdrawing or transferring said money to or from a U.S. bank account, transporting in person or by courier any cash or negotiable instrument in excess of $10k, controlling a foreign bank account worth in excess of $10,000, or receiving a cash payment for goods or services in excess of $10,000.

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  • by tkg1061 on February 9th, 2011

    tkg1061

    pretty sure and I think the dollar amount has changed to $8K but maybe thats only certain bank requirements. annonymously call your bank to inquire :->

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