Legality and Withdrawl

[Kurn, son of Mogh]

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Oh, btw, my bank has now informed me that all transactions 3k+ are submitted. It's no longer 10k.

Mega

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A friend of mine who is a CPA once told me that $10k was a myth, that banks were required to report all non-payroll deposits that totaled more than $5k in a calendar year.

How compliant your individual bank is, or how closely they pay attention is the x factor. The banking industry in general dislikes what they feel to be spying on their customers.