Thanks Raven that's what I was afraid of. Probably just do the 2,500 4 times over a month. My issue is like a lot of my brothers in the gambling world. I don't want to play through the money I'm expecting to withdraw because I can only withdraw a max 2,500 every seven days at BM unless I do a wire for over 10k
If you have BM wire $10K+ into your bank account, it will be reported to the U.S. Treasury. Not sure why you're contemplating it (other than it sounds like you might not trust yourself to not put the money in play while it sits in BM) but if you're looking to avoid this transaction being noticed, don't do it. Just keep receiving those $2500 checks; those will work all day.
Now...I will say this...multiple smaller transactions in a short period of time (I.E. receiving $2500 checks weekly from an offshore Sportsbook and depositing them into your bank account) will draw more attention than the single larger wire transfer.
Hope this makes sense and helps.
My advice....keep withdrawing smaller checks over longer periods of time. 3-6 week intervals between withdraws.
A&F
Now...I will say this...multiple smaller transactions in a short period of time (I.E. receiving $2500 checks weekly from an offshore Sportsbook and depositing them into your bank account) will draw more attention than the single larger wire transfer.
Hope this makes sense and helps.
My advice....keep withdrawing smaller checks over longer periods of time. 3-6 week intervals between withdraws.
A&F
teamogf is correct. It's only cash/currenct transactions of over 10K that are automatically reported via the CTR. You can, however, fille out a CTR for suspicious activity. Where people consistently deposit just under the 10k to avoid the report. All electronic transactions are typically ignored. I was a teller for years in college.
