what is the highest dollar amount that can be deposited in ones bank account,before the government is notified of that deposit
2007-01-04 11:53:09 · 3 answers · asked by tony g 1 in Business & Finance ➔ Personal Finance
A CTR has to be filled out by the bank employee for any "CASH" deposit 10,000+ A CTR - currency transaction report is the governments way of monitoring our money. There is no CTR requirement for checks deposited. Also a SCTR - is out there too now - suspicious currency transaction report. If you try to deposit $4000 one day and $7000 the next, the teller could find you suspicious of trying to avoid the CTR and fill one out on you anyway. This CTR has nothing to do with taxes either, so don't fear that. The IRS will not be informed.
2007-01-04 16:44:20 · answer #1 · answered by amy23 3 · 0⤊ 0⤋
$10,000
2007-01-04 19:55:58 · answer #2 · answered by al 6 · 1⤊ 0⤋
$9,999.99
2007-01-04 19:56:51 · answer #3 · answered by Anonymous · 0⤊ 1⤋