How Much MOney?

Question

How much money are you allowed to have on you in cash in the United States.
by the law?

Answer 1

My first question to you would be why would you want to travel with a large sum of cash?

There is no illegal amount that I am aware of. The cash confusion comes from the fact that the IRS requires notification from banks, casinos, etc. when dealing with $10,000 or more in cash transactions within a 24 hours period. At that point, the bank or casino will issue you a certificate indicating the funds were reported. I forget the name of the form. Traveling with large sums of money will almost always trigger some kind of investigation by the security personnel at the airports and bus and train stations. You have to ask yourself if that is worth the trouble and can you prove the source of the funds if needed.

In general, any police officer will become suspicious with any large amount of cash found on a person but he/she would need probable cause to seize those funds. Your are going to be confronted with a lot of questions and may have to file a lawsuit to get a money they might seize back. Again is it worth that kind of trouble.

I attend equipment auctions around the country and when I need cash for a purchase, I send it to myself via western union. When I get to where I am going I pick it up a western union store. You pay a few bucks but it is worth it. and you have a record of the transaction.

Hope that helps.

Answer 2

There is no limit.

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