I'm trying to get a mortgage. And they need to see my money in the bank. I have to have at least $20k in the bank. and show my past two months statements. Now it's my savings account and I always deposit and withdrew money from it all the time. I currently have $4k in there and have $16k in cash I need to have back in the back. But I can't just deposit back all the money in cash. I don't know what to do.|||You just make the deposit at the bank. They will fill out a currency transaction report that is used to to assist government agencies to detect and prevent money laundering. As long as you did not come by the money in an illegal manner, you have nothing to worry about.
And don't try to stagger your deposits to be below the $10,001 reporting trigger as that type of activity is called structuring and is considered suspicious activity. The banks have ways of detecting it.
You can find more info on Wikipedia's website:|||You are going to be asked to explain where the 16k came from
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