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 I had also withdrawn a few times $2000 and $3000 as well.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.|||Why would anyone make frequent withdrawals of $700 for two months, just to keep the money in their house, and then suddenly decide to deposit it all back?


This is very odd and suspicious behavior.|||Haha, your very behaviour sounds a bit "suspicious", but I'll let that go.





They asked for your ID because there's obviously a maximum withdrawal for without an ID ($3000), we have a similar policy at my company.





I'm not an expert but I do work with transmitting money. When someone tries to send more than $10k or they do multiple transactions in order to get over the $10k limit then we have to fill out a suspicion form. I recommend you do as you wrote.. deposit $500-1000 every 2 weeks or so and don't worry about it.