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The trigger is $10,000 not $5,000 last I heard. But I seldom spend that type of money. It is not trigger by a single transaction but can be part of a group. This not a secret program. It is well know among those how have these amounts of money. Bank account imforamtion other than these reports must be subpoenaed before a bank a reveal them to a government agency. Rush Limbaugh talked about this on air a few times. Customers will not be told when it is filled out, you can assume it will be. This started as part of the war on drugs and money laundering. It is also why 100 dollar bill is the largest currency in circulation. You can only get about a million dollars in most briefcases now. This hasn't proved inconvenient for me... yet. There are still larger bill out but if they come to a bank they are taken by the Feds and shredded.

Cash transactions at banks and casinos over 10,000 are subject to a CTR (currency transaction report.)

Multiple Money Orders and Cashier's/Official Checks that are purchased or deposited at banks that total more that $10,000 and are purchased with other money orders or cashiers checks are subject to a MIPR (monetary instrument purchase record/report.)

Cash that is received at a business that is more that 10,000 is subject to IRS Form 8300.

Any transaction that appears to be suspicious at a bank is subject to a SAR (Suspicious Activity Report)

These rules have existed for a long time.