What is the maximum amount of money you can deposit in a US Bank without raising awareness?

0 votes
asked Mar 28, 2019 in Other-Finance by egolujkebp (310 points)
What is the maximum amount of money you can deposit in a US Bank without raising awareness?

1 Answer

0 votes
answered Mar 28, 2019 by 09098r5 (730 points)
Any amount of money you deposit into a USA bank account is eventually reported to the IRS which is what the bank has to do by law.

Banks will report every transaction you make at a bank through your account such as deposits and withdraws of money at the end of the year.

However if you deposit $10,000.00 or more whether in cash or by check or direct deposit in one day then the bank will report that deposit to the IRS right away since they have too by law.

So if you deposit $10,000.00 or more in a bank account then you might be audited by the IRS and capture the IRS attention.

108,712 questions

117,628 answers

1,356 comments

7,058,495 users

...