Depositing/Withdrawing a lot of Cash Red Flags?

Hi guys i have a question. I withdrew a lot of money within a few months period. I probably withdraw like $700 every few days from the atm machine and did it for like 2 months. I had also withdrawn a few times $2000 and $3000 as well. So at the moment, I have around $15,000 in my home at the moment.





Is it true that if you withdraw $10,000, then a Suspicious Activity Report will be shown for you? Or is this only for cash DEPOSITS as oppose to withdraws. The thing was i did many withdraws for around $800. The thing is right now i'm going to deposit around $9,000 back into my checking account. This was pretty much the same money that i withdrew a few months ago.





The thing about me is i have NEVER deposited cash ever into my checking account in my life. I have done many bank transfers and deposited checks into my checking account but not once deposited cash. Would it be a bad idea to deposit this entire amount at once? The thing is i don't want any SAR filed for me but would it be a bad idea to just deposit this slowly back into my checking account? Would it be safer to deposit say $1000 every week or so? I heard something like if you deposit $9000 one day and then $9000 the next day, it will get flagged.





And is there a way to ever know if my bank ever filed a SAR on me? I recalled there was one time i got asked for id when withdrawing from the teller but the thing was it was a bit over $3000 i recalled. The times that i withdrew under $3000 at a teller, they never asked me for it.





Do people ever face any scrutiny if they deposit under $1000 like once every 2 weeks or so then? I feel like i'm in a bad situation because i withdrew so much money a few months back from the ATM and did it so many times.|||as you are aware the transactions, deposits and withdrawals of $10000 are the ones reported to IRS


if you happen to be in current investigation by IRS, it is very possible your bank accounts would be examined to see if you were failing to report income|||It's $10,000 in a single transaction.|||Why do you want or need to have $15,000 in cash in your home? Hullo, haven't you heard of burglars or house fires? Say bye bye money!


No, you aren't going to trigger any alerts with a few thousand dollar withdrawals. Lots of people pay cash for their rent or cash to tradespeople. The reporting limit is $10,000 a transaction, so 2 $6,000 transactions might make someone wonder.


Just do a deposit of a few thousand every few weeks.


2WD is having a go at you, like are you scared of paying tax on the interest the bank pays you? It's better and safer to keep your money in the bank until you need it. Unless you have some problem with banks, or you're a small arms dealer, a drug dealer, a big time gambler or a terrorist?|||And why not just settle down and clam down and continue to move on with your life and stop creating these kind of problems for your own self at this time in your life and just think about it that you are the one that is and has to be creating these problems that you think you do have at this time in your life.


Hope that you find the above enclosed information useful/ 07/12/2011|||The cash reporting requirement is $10k at once or over a "short period of time." While that period generally isn't defined, 2 months would fall well outside of "short. $9k on consecutive days most certainly would trigger a Cash Transaction Report (CTR).



Wire transfers are not covered by the CTR reporting requirements. CTRs are based upon cash and cash-like transactions. It includes cash, money orders, counter drafts, site drafts, cashiers checks, 3rd party checks, etc. Wire transfers, ACH transfers, and checks drawn on the account of the payer and deposited to the payee's account are NOT reported on a CTR.



The report that may be generated is the Suspicious Activity Report (SAR). Any pattern of banking activity that departs from your normal banking patters may trigger a SAR. No dollar amount is tied to the SAR. SARs are confidential and the banks are barred from telling you that one was filed.



If your activity is innocent, you have nothing to fear from the various reporting systems.|||You've got #15K at your house. Why would you want to put it in any bank account?





I personally like to keep a bunch of cash in my "shoebox" at the bank. I'd rather have NO interest then REPORTABLE interest (at a whoping .005%





2WD