webhopper wrote: Also the bank has procedures for making sure they aren't depositing illegal money. Nothing says illegal more than you walking in and depositing thousands in cash.... something to think about
They do, but it's not the act of depositing $11,000 in cash that makes it suspicious.
It's when you tell a person the "why" and then they decide they want to deposit $9,000 instead.
But I've seen plenty of people who sell a car, or property, or other things that make that one-time deposit and have a valid reason for doing so.
But I've also seen people who will deposit $9,990 each time and that's definite grounds for a Suspicious Activity Report, which is just as bad.
I saw a guy walk in with a duffle bag full of cash once. It made me very uncomfortable. Also was in line at electronics department and.witnessed a kid with a backpack full.of cash buying a video game system. The cash still had the white banding around each bundle.
Starting Score: 08/29/2011 TU 671 EQ 674 Current Score: TU 754 EQ 694 EX 697 Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when? MyFICO Fitness Goal: 800s Club!