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Forum » The 10,000 cash deposit reporting requirement is being abused
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Thread: The 10,000 cash deposit reporting requirement is being abused

post 10000241767 07-03-2026, 01:15 AM
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The 10,000 cash deposit reporting requirement is being abused

The law was made in 1970

That was a lot of money back then

It was designed to track ACTUAL large transactions

The banks still flag you if you're "structuring" so basically any small transactions of a few k they are watching making sure working class can never get ahead and is taxed to death


10,000 in 1970 is equivalent to 86,000 today. When they made that law it was only intended to monitor transactions that are almost six figures today not spy on average citizens
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post 10000241773 07-03-2026, 01:37 AM
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Originally Posted By Papi_Chulo⏩
The law was made in 1970

That was a lot of money back then

It was designed to track ACTUAL large transactions

The banks still flag you if you're "structuring" so basically any small transactions of a few k they are watching making sure working class can never get ahead and is taxed to death


10,000 in 1970 is equivalent to 86,000 today. When they made that law it was only intended to monitor transactions that are almost six figures today not spy on average citizens
I don't care
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post 10000241775 07-03-2026, 01:48 AM
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Only criminals play with cash. Superdedfknsrs
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post 10000241777 07-03-2026, 01:59 AM
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Originally Posted By piramparam⏩
Only criminals play with cash. Superdedfknsrs
10k isn't shit today

They should have made the law track inflation

In 1970 they were only tracking >86k transactions
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post 10000241783 07-03-2026, 02:09 AM
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Originally Posted By Papi_Chulo⏩
10k isn't shit today

They should have made the law track inflation

In 1970 they were only tracking >86k transactions
The way to deal with cash in 2026 is go to those places for immigrants that send money to your home country. Then have a person in that country move the money to your revolut.

Other than this somebody has to get caught to laundry the money
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post 10000241831 07-03-2026, 05:28 AM
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They changed it in 2020 iirc. They also monitor all accounts with more than $500 in them which makes no sense since $500 is worth what $50 in the 90s was.
post 10000241843 07-03-2026, 06:00 AM
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Why does any of this actually worry you?
post 10000241857 07-03-2026, 06:40 AM
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Originally Posted By piramparam⏩
Only criminals play with cash. Superdedfknsrs
And we have a new leader of the dumbest reply in 2026. Nice work little guy!
post 10000241897 07-03-2026, 07:49 AM
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post 10000241900 07-03-2026, 07:50 AM
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thats a good point. just another aspect of modern times being more shit than 50 years ago. it never ends.
When he regains consciousness, double the voltage.



post 10000241906 07-03-2026, 08:01 AM
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I know a guy who went to prison over this srs.

He tried to deposit like $13k in cash to pay off a line of credit. The bank teller informed him of the required CTR filing, so he was like nvm I’ll just deposit $9900 instead. Then he went to a different branch to deposit the remaining amount.

They ended up charging him, found out in court the money was made through illegal gambling activities and he had to do something like 18 months.

This guy was a friend of my grandparents, not a hardcore criminal by any means. I think it’s a retarded law.
post 10000241932 07-03-2026, 08:31 AM
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Originally Posted By GuineaDago585⏩
I know a guy who went to prison over this srs.

He tried to deposit like $13k in cash to pay off a line of credit. The bank teller informed him of the required CTR filing, so he was like nvm I’ll just deposit $9900 instead. Then he went to a different branch to deposit the remaining amount.

They ended up charging him, found out in court the money was made through illegal gambling activities and he had to do something like 18 months.

This guy was a friend of my grandparents, not a hardcore criminal by any means. I think it’s a retarded law.
That reminds me of the guy who robbed a bank without a mask. Then attempted to penetrate his cellmate.
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post 10000242101 07-03-2026, 10:28 AM
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Originally Posted By monster0ultra⏩
That reminds me of the guy who robbed a bank without a mask. Then attempted to penetrate his cellmate.
post 10000242120 07-03-2026, 10:36 AM
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Originally Posted By GuineaDago585⏩
I know a guy who went to prison over this srs.

He tried to deposit like $13k in cash to pay off a line of credit. The bank teller informed him of the required CTR filing, so he was like nvm I’ll just deposit $9900 instead. Then he went to a different branch to deposit the remaining amount.

They ended up charging him, found out in court the money was made through illegal gambling activities and he had to do something like 18 months.

This guy was a friend of my grandparents, not a hardcore criminal by any means. I think it’s a retarded law.
See he is just an average person trying to get ahead he took great risk gambling, came out ahead then wants to pay his debts and gets thrown in jail for it

Meanwhile if you want to own nothing and sit on your ass on welfare and not work that is perfectly fine

It's getting ahead that they don't want you to do

When the law.was made it was for transfers of 86,000 2026 dollars. Under the intent of the original law he would have never went to prison
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post 10000242206 07-03-2026, 11:46 AM
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in europe they have made it illegal to pay for things in cash above X amount, i think its like 3000 euro / 3.5k USD.

they say it's to prevent money laundering. they just want to collect tax and its another push for getting rid of cash all together

srs
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srs
post 10000242215 07-03-2026, 11:52 AM
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Buy precious metals dfs
post 10000242332 07-03-2026, 12:53 PM
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Originally Posted By Basedbabyy⏩
Buy precious metals dfs
sure you can but you know when you sell them they make you fill out all these forms



Thats why it would be nice if you only had to report transactions over 86k
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post 10000242340 07-03-2026, 12:56 PM
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LOL @ using ""banks""
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