Is it OK to deposit 10000 cash?
Is it OK to deposit 10000 cash? The Takeaway. If you deposit more than $10,000 in cash into your bank account, it will be reported to the government, including the IRS. As long as you're not doing anything illegal, you likely don't need to stress about it. But it's helpful to be aware of it.
What is the new law on cash deposits UK?
A government statement published today (18 August 2023) set the minimum expectations on banks to protect services for people and businesses wanting to withdraw or deposit cash. They can expect to withdraw cash without any fees – something that has been set out in law.