A $10,000 bank transaction triggers the government to automatically look into it. Learn what actually happens.

Cash deposits of over $10,000 must be reported to the federal government. You shouldn't have any problems, though -- just ...

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The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970, and adjusted with the Patriot Act in 2002. The law is an effort to curb money laundering and other ...

Deposits of over $10,000 are reported to the ... to verify your identity first. Bank employees may ask you additional questions, like where the money came from. You don't have to answer, but ...

Your bank may have a withdrawal limit, and for larger withdrawals, you may need to order the money in advance. The more money you need, the more likely this is. A $5,000 or $10,000 withdrawal may ...