Depositing a check for $10,000

Discuss Canadian banks, bank accounts, and anything related to banking.
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Joined: Tue Jun 03, 2008 6:16 pm

Depositing a check for $10,000

Postby gonzo13 » Wed Jun 04, 2008 3:07 pm

I am curious if you deposit a check of $10,000 into your account in the bank is it going to be reported to the government? Not that I have such a check, I wish,:) I am just curious..

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Joined: Thu May 29, 2008 8:46 pm

Re: Depositing a check for $10,000

Postby spencer » Thu Jun 05, 2008 2:31 pm

I don't know if they report such transactions, but the bank for sure keeps track of all financial transactions.

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Joined: Wed Jun 11, 2008 3:49 pm

Re: Depositing a check for $10,000

Postby kristen » Tue Nov 11, 2008 3:26 pm

A friend of mine got a deposit from her parents for $15,000 and after a few days the bank called her and asked her if she wants to invest the money or put them in savings account, or basically they were checking her out. I don't know however if they report this but they certainly keep track of large transactions...

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Joined: Tue Aug 26, 2008 12:40 pm
Location: USA

Re: Depositing a check for $10,000

Postby proplanner » Thu Nov 20, 2008 9:24 am

I am not sure but I think that the bank must inform to Uncle Sam.

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