Anonymous
Post 06/15/2025 11:41     Subject: Re:Cash deposit
Who uses an AtM anymore?


I've never used one for deposits, but...do you actually go inside the bank and make withdrawals from a teller?
Anonymous
Post 06/15/2025 06:07     Subject: Cash deposit
Anonymous wrote:Wow OP, depositing $6000 into an ATM just sounds incredibly dumb. Most people I know that have USAA also have a local account for things like this.


USAA is horrible. You haven't stayed on top of all the outrageous things they've done.
Anonymous
Post 06/14/2025 18:23     Subject: Cash deposit
Anonymous wrote:Why? Then it's recorded and part of the estate and estate taxes. Just divide it as cash.


Almost no one is subject to estate taxes, FFS
Anonymous
Post 06/14/2025 16:49     Subject: Cash deposit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I’ve been tasked with cleaning out my mother‘s things and found just over $6000 in cash. I’d like to deposit it into my bank account. Is there anything I need to do to treat this differently than a smaller deposit?


But why?
Also, look up "structuring" related to bank deposits. Any amount that a teller finds "suspicious" will garner a report to the IRS. There is no 10K min limit like some older people still think. That went away over 20 years ago. It's any amount now.


Let them report. So what? It's not like cash deposits are illegal.


Sure. If you have nothing to hide, why would you care about privacy? Right?


Huh? What are you talking about? The bank, it's auditors, and anyone else who has legal access to the bank's data already has access to your information at the bank.. What additional privacy is compromised by the bank reporting this $6K deposit to the IRS?


Sure, if you have nothing to hide, then why worry about privacy at all right? Let everyone in and inspect everything!
Anonymous
Post 06/14/2025 16:47     Subject: Cash deposit
Wow OP, depositing $6000 into an ATM just sounds incredibly dumb. Most people I know that have USAA also have a local account for things like this.
Anonymous
Post 06/14/2025 16:43     Subject: Cash deposit
6k is below report level. It’s not that much money
Anonymous
Post 06/14/2025 16:28     Subject: Cash deposit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I’ve been tasked with cleaning out my mother‘s things and found just over $6000 in cash. I’d like to deposit it into my bank account. Is there anything I need to do to treat this differently than a smaller deposit?


But why?
Also, look up "structuring" related to bank deposits. Any amount that a teller finds "suspicious" will garner a report to the IRS. There is no 10K min limit like some older people still think. That went away over 20 years ago. It's any amount now.


Let them report. So what? It's not like cash deposits are illegal.


Sure. If you have nothing to hide, why would you care about privacy? Right?


Huh? What are you talking about? The bank, it's auditors, and anyone else who has legal access to the bank's data already has access to your information at the bank.. What additional privacy is compromised by the bank reporting this $6K deposit to the IRS?


You don’t want the IRS’s attention called to you, even if your finances and returns are 100% aboveboard. If they question you, you won’t be compensated for the time and expense of proving you’ve done nothing wrong.
Anonymous
Post 06/14/2025 10:13     Subject: Cash deposit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I’ve been tasked with cleaning out my mother‘s things and found just over $6000 in cash. I’d like to deposit it into my bank account. Is there anything I need to do to treat this differently than a smaller deposit?


But why?
Also, look up "structuring" related to bank deposits. Any amount that a teller finds "suspicious" will garner a report to the IRS. There is no 10K min limit like some older people still think. That went away over 20 years ago. It's any amount now.


Let them report. So what? It's not like cash deposits are illegal.


Sure. If you have nothing to hide, why would you care about privacy? Right?


Huh? What are you talking about? The bank, it's auditors, and anyone else who has legal access to the bank's data already has access to your information at the bank.. What additional privacy is compromised by the bank reporting this $6K deposit to the IRS?
Anonymous
Post 06/13/2025 18:07     Subject: Cash deposit
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I’ve been tasked with cleaning out my mother‘s things and found just over $6000 in cash. I’d like to deposit it into my bank account. Is there anything I need to do to treat this differently than a smaller deposit?


But why?
Also, look up "structuring" related to bank deposits. Any amount that a teller finds "suspicious" will garner a report to the IRS. There is no 10K min limit like some older people still think. That went away over 20 years ago. It's any amount now.


Let them report. So what? It's not like cash deposits are illegal.


Sure. If you have nothing to hide, why would you care about privacy? Right?
Anonymous
Post 06/13/2025 14:03     Subject: Cash deposit
Anonymous wrote:
Anonymous wrote:Thank you! I will head down to the ATM to deposit it. I do not want to send cash across the country.


Go inside the branch. Don’t do it at an atm.


+1. Come on OP.
Anonymous
Post 06/13/2025 13:33     Subject: Cash deposit
Anonymous wrote:
Anonymous wrote:I’ve been tasked with cleaning out my mother‘s things and found just over $6000 in cash. I’d like to deposit it into my bank account. Is there anything I need to do to treat this differently than a smaller deposit?


But why?
Also, look up "structuring" related to bank deposits. Any amount that a teller finds "suspicious" will garner a report to the IRS. There is no 10K min limit like some older people still think. That went away over 20 years ago. It's any amount now.


Let them report. So what? It's not like cash deposits are illegal.
Anonymous
Post 06/13/2025 07:55     Subject: Re:Cash deposit
Echoing what others said - don’t deposit it at an ATM. If that’s really your only option then don’t deposit it. Figure out another way to get the money to whomever you want it to go.
Anonymous
Post 06/13/2025 07:31     Subject: Cash deposit
Just deposit it

It’s cash

I do this all the time

ATM no I’d do it in lower increments just because you have zero records of its lost or stolen. I’d do Two grand per deposit

Who uses an AtM anymore?


Anonymous
Post 06/13/2025 07:25     Subject: Cash deposit
They don't ask anything. Such a small sum. Just don't do it all at once.
Anonymous
Post 06/13/2025 02:19     Subject: Cash deposit
Anonymous wrote:Just take it to the bank and deposit it. They don't really start asking questions until it's over $10k (and there are reporting requirements once it hits $10k).


They ask. I deposit between $3k and 8k at a teller. She asks me if I have a job (I don’t). Something else they might ask but I forget.