That’s why I only ever do 9,999.99 at one time. 😂👍
If you do that more than one or two times, it’s called “Structuring” and it will get you far more attention than just putting in the full amount. It’s a “suspicious activity report” and putting in just under is “suspicious.”
Which is not a joke.
Something like that will get far more attention than just doing the 10k or more deposit or withdrawal.
The banks look for people attempting to avoid triggering a CTR by that kind of method. I know someone very well who does that kind of thing for a living and was given the low down on how it works.
“Structuring” also illegal
>> That’s why I only ever do 9,999.99 at one time.
That is called “structuring” and is actually illegal.
That's actually a huge red flag for banks and gets you noticed for something called 'structuring'.