banks have to report deposits that exceed a certain amount.
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I thought that was for cash only.
If you were cashing check or some other paper transfer it did not apply.
From the Article:
By law, individuals, businesses and trades must file Form 8300 to the IRS within 15 days of receiving a cash sum of $10,000 or more.
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Certain bank accounts come with a maximum deposit limit. Each institution has its own rules on this. For example, some banks might have different limitations based on if the deposit was done by cash or check.
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