Sending money to or from the US

[Highmystic 234]

A good (short) article on how Customs seizes bank drafts (same as cash), and you need to prove that it is not illegally gained, also mentions it is not $10,000 but $3,000 that can be sent out of the US to a foreign location.    Casinos will also keep tract of small transactions, as people attempt to exchange small amounts of money, but do it several times, and is referred to as structuring, or the likes.  Play it safe and legal!

 

http://www.investmentwatchblog.com/us-border-seizes-500000-inheritance-mailed-from-canada-to-usa/

[Voice of Reason 10,298]

Seems pretty inaccurate to me.  One of my banks limits me to $500,000 per day.
Another bank allows me to send $10K up to twice per month.  If I need to send more, all I have to do is call, and I can send up to my account balance.

Either way, you need to report it to the IRS.

 

 

 

 

Edited July 29, 2018 by Satisfied

[Steeleballz 7,550]

25 minutes ago, Highmystic said:

A good (short) article on how Customs seizes bank drafts (same as cash), and you need to prove that it is not illegally gained, also mentions it is not $10,000 but $3,000 that can be sent out of the US to a foreign location.    Casinos will also keep tract of small transactions, as people attempt to exchange small amounts of money, but do it several times, and is referred to as structuring, or the likes.  Play it safe and legal!

 

http://www.investmentwatchblog.com/us-border-seizes-500000-inheritance-mailed-from-canada-to-usa/

 

   A signed bank draft is treated as cash. You could mail it, but it's not a good idea. This was no different than mailing half a million in cash. You still have to report it the same way you would with cash.

 

  My long time advice, don't sign a bank draft (if possible) until you have crossed the border. If it's not signed, all they can really seize is piece of paper. 

[The Nature Boy 7,659]

23 hours ago, Satisfied said:

Seems pretty inaccurate to me.  One of my banks limits me to $500,000 per day.
Another bank allows me to send $10K up to twice per month.  If I need to send more, all I have to do is call, and I can send up to my account balance.

Either way, you need to report it to the IRS.

 

 

 

 

I always knowd uz was rich.10k twice a month, 500k in one day. I thought I was a high roller cause I sent 300 when my wife's mom was sick. 

[Voice of Reason 10,298]

32 minutes ago, Nature Boy Flair said:

I always knowd uz was rich.10k twice a month, 500k in one day. I thought I was a high roller cause I sent 300 when my wife's mom was sick. 

My racist WP at work, donycha know?