Moving money around..

CRANDELL · Jul 7, 2004

I am going to set up a Neteller account. At what point do the feds or banks become suspicious for bank transfers? $5000, $10000 ect....

Thanks

Crandell

TheGeneral+ · Jul 7, 2004

Most banks are said to report transactions of 10 dimes or more. My bank told me they may do so at 2 dimes. I think you would have to be really suspicious to have a bank turn you in for lesser than 10 dimes, but I would not even attempt that. Staying under the radar is a good idea.

Moon88 · Jul 7, 2004

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by The General:
Most banks are said to report transactions of 10 dimes or more. My bank told me they may do so at 2 dimes. I think you would have to be really suspicious to have a bank turn you in for lesser than 10 dimes, but I would not even attempt that. Staying under the radar is a good idea.<HR></BLOCKQUOTE>

So what would you recommend? Thanks

bigbet1234 · Jul 7, 2004

stay under 8K and you should be fine

for me i have many transactions in access of 2-5K so for me, nothing would look supicious

TheGeneral+ · Jul 7, 2004

I funnel small amounts of a big balance amongst friends, my bank, my family, and business owners. Just a few days ago , I sent 2 dimes to 5 different people to hold for me. 5 people who do not gamble at all. When I need my cash, it will be there. Safe deposit boxes are good too in different counties.