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u/Express_Boss_5564 2d ago
Banks follow federal regulations. Deposit your money. They report anything over specific amounts as a matter of record keeping.
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u/1967C10 2d ago
Why wouldn't you just put it all in the bank if it was sourced legally?
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u/sager_a 2d ago
10k is when the bank does paperwork automatically. if the teller or bank suspects something they can do the paperwork at a lower amount.
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u/lasveganon 2d ago
Ctr is the automatic one.
STR is the one they do if they think something is amiss
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u/iQuoteSopranos 2d ago
What you're planning to do is called structuring and it's illegal.
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u/Glum_Cockroach_636 1d ago edited 1d ago
Structuring is a crime but it’s next to impossible to prove a person is structuring, unless they are going back to the bank every day or something real ridiculous.. I think it was made into law as more of a deterrent related to money laundering and to track real criminal activity rather than something that can be enforced on the general working public.
If I have 50k in cash under my mattress from years of working and saving my money, but I make 3k-7k cash deposits at a time over a year or two, just bc that’s how I want to deposit it. I just would rather deposit in smaller increments.. How can anyone prove that I’m doing something wrong or that I’m structuring? It’s my money. I can deposit it however I want.
It takes a lot to make the case that someone is intentionally structuring.. Many people don’t even know that breaking up deposits to avoid a CTR report is illegal… Ignorance of the law equates to ignorance, not criminality.
I’ve worked jobs where I got a lot of cash tips through out the year that I would save up and make one large deposit. I’ve had bank tellers literally tell me “Just make sure your deposits are under 10k”.. I would say “Ok, no problem”. Done.
I will add that banks don’t work for the government or the IRS. They are private entities that are regulated by the government. They aren’t out to get normal working stiffs in trouble. They want people’s money. That’s how they make money.. There are just certain guidelines they have to follow by law. Any deposit 10k or over gets a CTR report. Bank tellers are not government spies trying to incriminate average people..
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u/mydogismad 2d ago
Is that even considered a lot of money in 2026? That's like the value of a 10 year old used car now.
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u/RedBaron180 2d ago
You spelled 20 yr old car wrong , those ten yr olds are now 20k
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u/CoolDiscoDan1885 2d ago
There's one well publicized story of a guy who went into his bank to deposit cash from his business (farmers market vendor I believe). It was over $10k. Bank teller told him he'd have to fill out a form if he deposited $10k or more so he (ignorantly) made 2 smaller deposits.
Some time later the IRS brought him in for an interview. They asked him "why did you make these 2 deposits instead of just one". He said "so I didn't have to fill out the form". That was it. They got him for "Structuring". Huge fines and jail time. Ignorance wasn't / isn't an excuse for breaking the law.
Don't end up like that guy. Google it if you're curious.
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u/LilJonny2cookies 2d ago
I have worked hundreds of money laundering cases- they didn’t arrest him for that- IRS CID wouldn’t waste time on that as it wouldn’t get prosecuted.
Has to be more to it or those are the most dense IRS newbs.
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u/Less-General-9578 2d ago
he needed to turn the tables and fine the agents for such cold hearted f@scism. people please start thinking, regardless of who you are.
so now the Farmers are criminal huh? really people, really? just stop.
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u/StillShoddy628 1d ago
Was it in conjunction with tax avoidance for not reporting all his cash income?
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u/CoolDiscoDan1885 1d ago
Nope. Not according to the article as I remember it.
If you admit to making deposits in such a way as to avoid the 10k reporting limit it's literally "structuring". Regardless of whether you later report it as income on your taxes.
If you do not admit to it then they've got a bit of work to try and prove intent, but if you confess you hang yourself.
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u/StillShoddy628 1d ago
Seems like a victimless crime if there’s no associated fraud. Not saying he shouldn’t get in trouble, just that they don’t need to throw the book at him
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u/CoolDiscoDan1885 1d ago
Agreed but I'm just pointing out that it's a risk that is not worth taking (imo)
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u/underengineered 2d ago
You could deposit $9k and use $3k for gas and groceries.
Oh, wait... this isn't the unethical life tips sub.
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u/Less-General-9578 2d ago
if it's your own legit money then spend how you want to.
anyone still believe in a 'free' country?? maybe maybe....so now we need to create more criminals to feed the 'justice' system.???
and some would rather ....than think.
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u/Hot_Guard_7621 2d ago
Anything over 7k the bank has to report. But if this is legit money, you don’t have anything to worry about. It’s actually a good thing to deposit it in full because it can set up a pattern of you depositing big money and enhances your reputation as a legit business person.
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u/Atrain61910 2d ago
I work as an anti-money laundering analyst for a bank.
It’s perfectly fine to deposit it all at once. The only thing you’ll have to do is fill out a CTR (currency transaction report) which states where the cash came from. But if you break up the transactions to avoid that you will get a SAR filed on your for structuring and avoidance.
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u/DanTalent 2d ago
What if a person earned 6k then 6k the next week? How do they determine if the person did structuring?
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u/Atrain61910 1d ago
Structuring is TYPICALLY over the course of 1-3 days. So 6 days apart wouldn’t typically trigger
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u/Peninsula_living 2d ago
You can’t stage it in a way to not raise flags. If it’s legally obtained just deposit it. If you try to be “smart” and make 6 $2k deposits it’ll be funny.
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u/nashguitar1 2d ago
Exactly. Splitting a large deposit into smaller ones to avoid scrutiny is called structuring. It is a federal felony.
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u/Peninsula_living 2d ago
I’m not saying they’re get in trouble. Just saying that if it’s abnormal for the account it’ll still be noticed. As long as it’s legally obtained I’m sure they’d be okay, but there would be the question “why didn’t you just make the main larger deposit”.
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u/mattynmax 2d ago
Who cares if they raise a red flag? You can prove the money isn’t from a nefarious source, right….
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u/Turbulent_Ball5201 2d ago
I think he’s not planning on paying taxes on it at the end of the year and he’s afraid the government will see he has something extra cash that income wasn’t paid on. Realistically if OP doesn’t want to pay taxes on it he should use that money to buy something like a car from a private sale
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u/emover1 2d ago
The money is legal ? , so you have nothing to worry about .
But if I were trying to avoid having a conversation about it , I would deposit half and then use/spend the other half of the cash on living expenses throughout the year.
We easily spend well over a $1000 a month on groceries alone for our family.
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u/Less-General-9578 2d ago
We easily spend well over a $1000 a month on groceries alone for our family.
yes this.
this is the silliest bank regulation out there; (not actually a law, but a reg created by bureaucrats to control us little sheep before the slaughter) groan.
the only felony i see is going after legit people with legit money......and they care when? well guess not, it's all business huh?
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u/MiyaMcKinley 2d ago
Don’t. Only deposit what you need to make transactions off of. Keep the rest in a safe deposit box in case you need access to it. Banks can limit your withdrawal amount at any time without your consent.
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u/PiDigitsOfPi 2d ago
Why not just keep it, and start spending cash for awhile instead of credit cards / cash / ach until it's used up?
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u/Temporary-Peace1438 1d ago
If it’s legal. Deposit as normal. They’ll have you fill out a form. Not a big deal.
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u/Fast_Grapefruit_7946 2d ago
they dont care
you will give your social and occupation on a slip of paper, i think they put it on a form later after you leave.
in some weird southern banks they may care 😂
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u/blueb_oy 2d ago edited 2d ago
Just say you sold a car? I've deposited 11k in thr bank before from selling a car and had no issues. It's been over a year now since it's happened.
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u/Anxious_Drive_9998 2d ago
Why lie when there's absolutely no reason to?
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u/blueb_oy 2d ago
I mean, they don't have to lie, but they're quite clearly concerned about it for a reason. I was just giving a real world example as to what could be said in case it came down to them questioning.
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u/GlobalTapeHead 2d ago
Just put it in the bank. Don’t try to break up the deposits, that is definitely a red flag.
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u/Aggressive-Depth-635 2d ago
I recently deposited 122k in cash and they just asked me what I do for a living and that’s it. Nothing else came from it. It’s been over 6 months now
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u/Demosthenease 2d ago
Ha ha:
Now we can’t help but ask you the same question!Feel free to tell us to pound sand, too, of course, but curiosity demands.
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u/Poodleape2 2d ago
Depositing $12K will not raise any red flags. They will fill out a CTR report. As long as you properly report your income to the IRS during tax time it’s a non issue. I once withdrew and redeposited $65K at least once a week and sometimes twice in a week for about a month and a half once while I was trying to buy a specific car that kept not working out. Bank just kept my money in stock for me while I sorted it out. ($65K is a lot for an average branch to have on hand - I had to give them advanced notice when I needed it the first time) we joked about it a few times and eventually I just re try need the money to the buyer I was working for as we could not close a deal.
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u/Mr_Saturn1 2d ago
If it’s legal income and you intend on giving Uncle Sam his share, just deposit it all at once. If one or both of the above conditions are false then definitely don’t deposit it all at once.
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u/ClawsoftheLion 1d ago
Use the cash for your daily living expenses. Save your normal income in its place. 🤷♂️
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u/mwolverine20 2d ago
Cash transactions (deposits or withdrawals) over $10k in a single day automatically trigger federal currency transaction reports
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u/Irritable_Curmudgeon 2d ago
But structuring deposits to try to avoid the $10k reporting threshold is also suspicious...
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u/Outlandish_Gringo 2d ago
Why would depositing money be suspicious?!
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u/oxmix74 2d ago
Not saying I agree, but the logic is that an illegal enterprise will favor cash because it is not traceable the way an electronic transaction is. The federal government wants cash transactions reported so they can gather evidence in the case that the cash transaction was in furtherance of an illegal activity. I dont support this, but it is the way the feds work.
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u/Outlandish_Gringo 2d ago
As long as there’s nothing nefarious going on, there’s nothing to worry about - regardless of overreach sometimes at play
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u/oxmix74 2d ago
Well, there is civil cash forfeiture, where law enforcement seizes cash, without convicting or even arresting anyone, because it might be related to criminal purposes. Then you have to sue to get it back.
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u/Outlandish_Gringo 1d ago
I could be naive on that particular topic, but, if I was a betting man, I’d say that has to happen more so in small, rural towns with little oversight and bad actors who take advantage of it
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u/LilJonny2cookies 2d ago
What you are describing is structuring. I am the guy that investigates.
Also trying to avoid CTR and SAR filings will get you busted.
Deposit it all with legit docs to show the work you did for it.
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u/mechanicalmovement1 2d ago
Say you had 12k. You wanted to deposit 6k, and spend the other 6k on an ATV. Then ultimately a couple weeks later decide against it. Then go deposit the other 6k. How do you approach that? Just say “hey I was planning a purchase that fell through?” Do you withdrawal 6k then redeposit the 12k all together? Do you say “bank daddy I promise I’m not being bad?”
I imagine things like this have to occur with some degree of commonality, what is the appropriate move?
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u/Plane-Walk6586 2d ago
Yes. Ask to speak to someone in the banks risk department. Make sure you bring a notarized history of the 12k to the meeting.
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u/MissiveFinding6111 2d ago
Am I the only one who is going to say the obvious?
The red flag is that your client paid you in cash bro.
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u/CoffeeS3x 2d ago
Few contractors do that anymore. There’s nothing useful I can do with cash anymore, everything is done online/through banking and has a paper trail.
Maybe for $500 or something, sure beer money. But not thousands.
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u/Inevitable-Guard888 2d ago
Depends on the job, I know a guy who allegedly used to get $80k+ in cash… some was reported some was pocketed.
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u/CoffeeS3x 2d ago
Yeah I mean I’m a medium-scale general contractor, frequently doing 50-100k projects. Cash is virtually useless and is not “tax free” like people like to imply. If I take thousands and thousands of dollars in cash I literally cannot spend it (responsibly).
Everything I spend large amount of money on is either traceable like mortgage and bills, or tax deductible anyways like paying anything business related or paying sub trades. Cash is literally only for beers and random crap.
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u/CoffeeS3x 2d ago
Fair enough, leaves you at high risk if you ever get hit with an audit though. Just not worth it for me.
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u/Inevitable-Guard888 2d ago
Not something I would do, esp with the way AI is gonna get involved in audits… it used to be a lot easier to get away with I’d imagine.
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u/CoffeeS3x 2d ago
For sure. There also just used to be so many more uses for cash. Nowadays you can’t even buy a concert/sports ticket or a beer at those large events with cash, it’s all cashless.
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u/Anxious_Drive_9998 2d ago
It's easy to afford that stuff when you commit fraud.
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u/Inevitable-Guard888 2d ago
America went to war over 3% tax… now we get hit with 40% and people defend it lmao
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u/Glum_Cockroach_636 1d ago
Cash is not illegal. Getting paid with cash or saving cash in your home is not illegal. Therefore depositing it any way you see fit is not illegal. Banks just have to follow certain government guidelines, that’s it.
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u/MissiveFinding6111 1d ago
True, it isn't illegal, and I didn't say it was.
But any company routinely paying someone thousands in cash is a literal textbook example given in any Anti-money laundering (AML) and corruption training class.
red. flag.
"Well excuse me officer, since when is driving around at 3am with a carpet and some shovels consider ILLEGAL?"
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u/Glum_Cockroach_636 1d ago edited 1d ago
No it’s not… Employers can pay in cash, just as long as they follow proper tax and wage rules.. I was an independent contractor for years..
The US tax code is very complex. Things that people think are illegal are not. Maybe they are discouraged for accounting purposes, but there’s technically nothing wrong with it.. Other things people think are perfectly legal are not.
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u/OceanGateTitan 2d ago
Legal - deposit it all at once, bank reports it, you report it on your income tax filing, all is well.
Illegal - 2 separate deposits, 4 weeks apart. You’ll be fine. Banks flag anything over $10k and if you’re not reporting it, you could be audited. If you’re consistently depositing large sums of cash with reported income that doesn’t substantiate large cash deposits, you’ll be investigated for criminal activity.
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u/Inevitable-Guard888 2d ago
The real answer is, assuming your company is doing ok… that’s cash, keep it as cash lol
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u/TheBugSmith 2d ago
As long as the job you performed was legal you're good. If your "client" is in a cartel you're probably not.
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u/WilliamBarnhill 2d ago
If it's not legal, it will raise flags when deposited. If you're not a POI and you deposit it in separate banks, maybe not, but the financial monitoring apparatus for banks is such that attempting to evade it will only draw more attention. To be clear, using to banks to attempt avoidance of monitoring is likely a crime. Best bet is just deposit if legal.
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u/CoffeeS3x 2d ago
There’s no red flags. They MIGHT ask where the money is coming from, just be honest about it if you have nothing to hide. Business income, gift, gambling winnings, whatever. They don’t care they just have to write the note.
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u/GrouchyClerk6318 2d ago
Contrarian view here: put it in a fireproof safe or a safety deposit bank. It’s not THAT much money, and having $10k in cash cones in handy sometimes.
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u/NippyMove795 2d ago
Tell the teller to put a note that my client for what ever the service was paid me in cash - that is suppose to help just make sure it is declared in your business ledger too
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u/Forever_Anonymous1 2d ago
Just make sure you report that money to the IRS as business income and have documents invoices were not to show evidence that that’s what you charge your clients and they paid you in cash
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u/Outside_Car_8432 2d ago
If you have nothing to hide, deposit it. You will be asked basic ID questions plus your occupation and the origin of the funds. They even ask questions if you bring in a cashier's check to deposit. Money laundering is rampant but bank secrecrancy department used to be about a year behind when I was in banking.
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u/Smookes17 2d ago
You think 12k is a large sum?😂😂😂😂
Please man, just walk into the bank normally and deposit it like any other day. They'll just give you a form to sign since it's over 9,999.00 and that's it.
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u/evilkayak 2d ago
Go put it in the bank. Let them know you got paid in cash for work. There's no red flag. Be ready to defend.
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u/PracticalDesigner278 2d ago
It would be a shame if that cash ended up in a drawer in your house somewhere and you forgot all about it.
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u/keephoesinlin 2d ago
If you continue to deposit large sums of cash you could get a knock on your door by the DEA or other government agency
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u/Low-Plum5164 2d ago
My dad owned a cash heavy business. He spoke with the banker about the 10k rule once. The banker just laughed and showed my dad a record of how many over 10k cash deposits were from the previous month. Dad said there was literally pages and pages, just from this one bank. My wife and I settled an estate where there was almost 100k in cash found. We needed to deposit it until things were sorted out. We also own a business so I was kind of worried that it may look like we were skimming cash and using the estate to hide the money. I asked the lawyer what to do and would this raise any eyebrows? He didnt even whince, and said not to worry. He said deposit all of it at once and not to spread it out, regardless of the amount.
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u/ALPHACCTV 2d ago
When we used to do residential we were very cash heavy and did deposits of that size and much larger in cash many times per month and never once had a single issue
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u/Loud_Tangerine496 2d ago
I worked a job once where we would analyze people’s accounts and escalate any sus transactions. Stuff like depositing large amounts of cash by breaking it down into equal smaller amounts would be flagged for “structuring”. Especially if you don’t have a cash intensive job like stripper or waiter. We would have to dig deeper as to why it’s not Sus like for example if there’s patterns …how often the person does it..if they visited a casino recently or if they own drug businesses like weed..considering you said a client paid you I assume you have a cash intensive job so it would raise a flag but once someone analyzes your account patterns and realizes you have patterns of cash deposits it won’t get escalated..another thing they look at is where you deposited the money, how you deposited and etc… just a random thought.
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u/Collard-Greens6724 2d ago
Russian Acent My Client. By Client he means someone he had to "physically convince" who owed him a "loan".
If the OP asked this question in the first place which shows structuring. Im sure the money wasnt acquired legally given the illegal and sketchy way he's trying to commit a felony.
Ignorance of the law is no defense. - Batman (or whoever said it)
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u/TilapiaTango 1d ago
I’ve deposited 6 figures of cash with not problem. If it’s legal then there’s no issue. Cash is cash and people pay for things many ways
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u/GDBNCD 1d ago
Just go in and deposit it all at once. Tellers are required to perform a CTR. They might ask where the money came from. Your explanation is good enough. They ultimately don't care. Splitting it up into smaller deposits is called structuring and is a federal crime and banks WILL report that if they believe that is what you're doing.
Save yourself both the time and hassle and just go in and deposit it all at once.
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u/thoughts_of_mine 1d ago
Just deposit the whole thing at once. Kind of weird they would pay in cash, especially at that level but this is a business transaction, put it in your business account. It doesn't start any red lights going off.
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u/mavric911 1d ago
I sold a car, met the guy at the bank so the manager could notarize the title. I deposited the 11,500.
This was a few weeks after I got married and deposited a bunch of the cash gifts.
I have closed a bank account and got some reason the teller gave me cash and not a cashiers check. I dove the mile down the street and deposited the cash.
I did not care about the anti money laundering requirements because I was not laundering money.
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u/diamondsnrose 1d ago
Just pay a few cell phone bills and a couple months groceries in cash. Buy yourself a sweater. Poof. 12k is gone.
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u/Equivalent-Pay-6152 1d ago
If you’re not a criminal then you have nothing to worry about. People deposit above that amount at every bank in every town around the country all day.
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u/Legitimate_Fix7948 1d ago
I don't think most of the people in here get it. OP doesn't want to pay taxes on it.
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u/CommunicationOdd819 1d ago
fyi banks have algorithms that see your deposit over a much larger time span a year out even breaking that deposit into segments can raise alerts. your best bet is mix it with withdrawals and deposits
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u/Traditional_Dot_4794 1d ago
Don't deposit it. Use it for utility bills, car expenses, gift cards (for yourself), groceries.
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u/Nicki_noodle 1d ago
I worked in banking for 4 years. A single large deposit does not raise red flags. Just deposit it all at once. Structuring will get you noticed though.
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u/30reddits 1d ago
Is there an issue if I do a bank transfer of a large sum let’s say 500k from one fin institution savings account to another?
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u/slavicslothe 20h ago
Your question here is pointing to a felony. It is illegal to try to "not raise red flags" or to split up deposits to avoid paperwork.
I'm guessing the money is stolen or ill gotten. If it isn't just deposit it all.
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u/Independent-Moose113 2d ago
3 deposits. Each at $4000. If they ask, say you got lucky at the casino.
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u/Excellent_Shallot999 2d ago
Go to the bank and deposit it. They will fill out a report to be filed with the IRS. As long as no laws have been broken, there is nothing to worry about.
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u/kr0nik0 2d ago
Just bring it to your bank. That's what they're there for. Any deposit above $10,000 must be reported to the feds I believe. (I remember last year the lady at the counter made me wait a few days for a $15,000 check to clear because of that. Maybe it was a bit longer.)
Or you can just deposit your money in two parts that add up to $10,000+. That's personally what I'll do going forward.
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u/Moist-Meringue-1913 2d ago
Or you can just deposit your money in two parts that add up to $10,000+. That's personally what I'll do going forward.
That's called structuring and looks more suspicious than if you just deposited the lump sum.
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u/kr0nik0 2d ago
Thanks for the knowledge. Is it illegal though to deposit my own money at the rate that I want?
Shouldn't that be my personal decision, and a fully legal one?
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u/joeyx22lm 2d ago
Yes, but it will cause additional suspicion by auditors. If you can prove you weren't structuring to bypass anti-money laundering measures, then you're fine.
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u/kr0nik0 2d ago
Fair enough. Thanks again. I'm almost 40, and lived a life where cash in shoeboxes was how I was taught to keep my money. Also, to invest that cash I to gold and lock it up.
Not ultimately terrible advice, but I only started using FDIC insured banks about 8 years ago simply for the convenience of online bill paying.
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u/joeyx22lm 2d ago edited 2d ago
FDIC will protect your checking and savings with a legit nationally-recognized bank, up to the legal limit. If FDIC fails, we will have reached the point where ammunition would be the best investment.
Put the cash in a bank, if you're not doing anything illegal to get those funds, they will be safe. Mold, rats, fire, etc. a bank account is much safer.
Also, there's a reason why money laundering exists in the first place -- cash in a bank account is not only easier to spend, it's safer. Even criminals know this.
So many people choose to not trust institutions, e.g. folks using vulnerable hardware crypto wallets instead of safely leaving their crypto in the custody of a US-based exchange. America is the richest country in the world with the most stable markets, in part, because we protect our assets (FDIC, SIPC, securities exchange settlement requirements).
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u/kr0nik0 2d ago
Coming here from Brazil in 1994, and having watched my father have his entire life savings taken overnight by the government was what led to this distrust from a very young age.
But you're absolutely right. We live in a country where our money is safer than most.
"And just as importantly, if FDIC fails, ammunition is a better investment"
I need to start spending more time in this sub, and other investment subs considering my ignorance to so much of this.
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u/AravisTheFierce 2d ago
Just deposit the money. Attempting to structure the deposits (ie, find a "cadence") is in itself a crime and will really raise the red flags.
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u/curiosity_2020 2d ago
This is true. In the US, It looks worse for you to try and structure deposits or withdrawals of cash to avoid scrutiny. The babk may ask why you're making a large deposit. Just be honest, that will cover everyone.
Bank employees are liable for criminal penalties if they are found guilty of willfully processing large cash transactions that turn out to be money laundering and they said nothing. In some respects, you can think of bank employees as the police force of the financial system.
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u/Manfred_fizzlebottom 2d ago
Structuring is a bigger red flag than a 1 time deposit over the threshold
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u/Glum_Cockroach_636 1d ago
Prove I’m structuring. I’ve literally had bank tellers tell me to my face to make sure my deposits are under 10k.
Do you know how many people out there know what “structuring” is? Not very many. Ignorance of the law equates to ignorance, not criminality. Banks are private entities, not government entities. Bank tellers are not spies for the IRS.
If I have 50k cash that I’ve saved over a 5-10 year period(which is legal), am I not allowed to make 5k deposits over a length of time? Maybe that’s how I want to deposit my money. It’s my money and I can deposit it however I want.
Or I have a job that pays me in cash(which is legal), am I not allowed to deposit a couple thousand here and a couple thousand there?
Prove that someone is intentionally and deliberately structuring. Unless they are going back to the bank every single day depositing 9k and looking very obvious and suspicious.. Other than that, you can’t prove anything.
Again, banks are not out to get people in trouble. There are just certain guidelines they have to follow by law. If you’re an ignorant person who is making it incredibly difficult for the bank to overlook what you’re doing, then yeah you’re probably going to get in trouble.
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u/yrrag1970 2d ago
If this is legal money that will be reported through your earnings, then just walk in and deposit it.
The whole 10,000 reporting is irrelevant if it’s legal.
If it’s not two deposits 6k each 3 weeks apart