How much money can you put in the bank without being suspicious?


How much money can you put in the bank without being suspicious? Banks must report cash deposits totaling more than $10,000. Business owners are also responsible for reporting large cash payments of more than $10,000 to the IRS.


What is the best way to deposit a large sum of money?

How to Protect Large Deposits over $250,000
  1. Open Accounts at Multiple Banks. ...
  2. Open Accounts with Different Owners. ...
  3. Open Accounts with Trust/POD [pay-on-death] Designations. ...
  4. Open a CD Account, or Money Market Account, with a bank that offers IntraFi (formerly CDARs) services.


Categories