Welcome to the North American Subaru Impreza Owners Club Tuesday April 21, 2015
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC Miscellaneous > Off-Topic

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 11-05-2007, 10:49 AM   #1
november
Scooby Newbie
 
Member#: 117828
Join Date: Jun 2006
Chapter/Region: MWSOC
Location: Round Lake, IL
Vehicle:
2006 Evo SE
Tarmac Black

Default What Actions Will Flag Your Bank Account > IRS??

I was talking with some friends yesterday. We got on the subject of banks and what will possibly flag your account for the good ol' IRS. I brought up the oldie "Extracting/depositing $10,000 in one day will flag your account"

but we couldn't think of anymore and didn't have any luck searching for more.

It's "against the law" for banks to disclose this information, but I'm curious if OT has any ideas.

* Registered users of the site do not see these ads.
november is offline   Reply With Quote
Old 11-05-2007, 10:51 AM   #2
Scoobie Noobie
Scooby Specialist
 
Member#: 65498
Join Date: Jul 2004
Chapter/Region: MWSOC
Location: Black Sheep Squadron
Default

Post reported to teh FBI scumbag!
Scoobie Noobie is offline   Reply With Quote
Old 11-05-2007, 10:52 AM   #3
lukek
Scooby Newbie
 
Member#: 27041
Join Date: Oct 2002
Chapter/Region: MWSOC
Location: Chicago, IL
Default

Banks will flag your account for a lot less these days....And it's against the law for banks NOT to report this. Search Abn Amro they got hit with a huge fine for not reporting funds.
lukek is offline   Reply With Quote
Old 11-05-2007, 10:52 AM   #4
november
Scooby Newbie
 
Member#: 117828
Join Date: Jun 2006
Chapter/Region: MWSOC
Location: Round Lake, IL
Vehicle:
2006 Evo SE
Tarmac Black

Default

Quote:
Originally Posted by Scoobie Noobie View Post
Post reported to teh FBI scumbag!
Ah, wtf, why did you have to go and do that?
november is offline   Reply With Quote
Old 11-05-2007, 10:56 AM   #5
zentrandi
Scooby Specialist
 
Member#: 130577
Join Date: Oct 2006
Chapter/Region: TXIC
Location: Houston, TX
Vehicle:
03 gga WRX 10' LGT
Both silver

Default

Post reported, scumbag
zentrandi is offline   Reply With Quote
Old 11-05-2007, 11:05 AM   #6
chkltcow
Scooby Specialist
 
Member#: 10814
Join Date: Oct 2001
Chapter/Region: South East
Location: Stanley, NC
Vehicle:
'13 ToyobaruFRZ-86
97 Miata M

Default

Quote:
Originally Posted by november View Post
I was talking with some friends yesterday. We got on the subject of banks and what will possibly flag your account for the good ol' IRS. I brought up the oldie "Extracting/depositing $10,000 in one day will flag your account"

but we couldn't think of anymore and didn't have any luck searching for more.

It's "against the law" for banks to disclose this information, but I'm curious if OT has any ideas.

More than $10,000 in a day on your accounts.... not necessarily just one account, and banks have to file a CTR (Currency Transaction Report). These are the ones filed with the IRS. You KNOW they're getting filed as there is strict protocol to do it... above $10,000 = filed, no guess work.

Any activity that a teller feels is suspicious can file a SAR (Suspicious Activity Report). Many banks use a back-end software that scans through a database checking recent activity and will auto-file a SAR. Things like frequent transfers between accounts.... suddenly getting a $50,000 deposit in when you normally get $1000 paychecks every other week.... or things like that are what the software looks for. These are filed with FinCEN (Financial Crimes Enforcement Network). The customer is NOT supposed to know about these being filed.

And the last is the Monetary Instrument Log. It's filed if you're buying "monetary instruments" like cashiers checks, travellers checks, etc.... but it's not enough to warrant a CTR to be filed. I think it starts at $3000. Again, these are filed with the IRS.


If you really want to know more about it, go read up on the Bank Secrecy Act and Anti-Money Laundering Act.
chkltcow is offline   Reply With Quote
Old 11-05-2007, 11:06 AM   #7
delongedoug
Scooby Guru
 
Member#: 124113
Join Date: Aug 2006
Chapter/Region: NESIC
Location: To infinity
Vehicle:
and beyond!

Default

Quote:
Originally Posted by zentrandi View Post
Post reported, scumbag
delongedoug is online now   Reply With Quote
Old 11-05-2007, 11:19 AM   #8
mikeythejew
Scooby Specialist
 
Member#: 141672
Join Date: Feb 2007
Vehicle:
07' wrx
Mothballed until winter

Default

nevermind, the nsa IS watching.
mikeythejew is offline   Reply With Quote
Old 11-05-2007, 11:22 AM   #9
mikeythejew
Scooby Specialist
 
Member#: 141672
Join Date: Feb 2007
Vehicle:
07' wrx
Mothballed until winter

Default

Opp, too late!
mikeythejew is offline   Reply With Quote
Old 11-05-2007, 11:22 AM   #10
anth305
Scooby Newbie
 
Member#: 109138
Join Date: Mar 2006
Chapter/Region: NESIC
Location: i can divide by zero
Vehicle:
13 BRZ
SWP

Default

Quote:
Originally Posted by chkltcow View Post
More than $10,000 in a day on your accounts.... not necessarily just one account, and banks have to file a CTR (Currency Transaction Report). These are the ones filed with the IRS. You KNOW they're getting filed as there is strict protocol to do it... above $10,000 = filed, no guess work.

Any activity that a teller feels is suspicious can file a SAR (Suspicious Activity Report). Many banks use a back-end software that scans through a database checking recent activity and will auto-file a SAR. Things like frequent transfers between accounts.... suddenly getting a $50,000 deposit in when you normally get $1000 paychecks every other week.... or things like that are what the software looks for. These are filed with FinCEN (Financial Crimes Enforcement Network). The customer is NOT supposed to know about these being filed.

And the last is the Monetary Instrument Log. It's filed if you're buying "monetary instruments" like cashiers checks, travellers checks, etc.... but it's not enough to warrant a CTR to be filed. I think it starts at $3000. Again, these are filed with the IRS.


If you really want to know more about it, go read up on the Bank Secrecy Act and Anti-Money Laundering Act.
bingo.
cant get much more simpler than that.
anth305 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Check your bank accounts and Credit Cards now! Data Breach! Lucky Loser Off-Topic 64 03-19-2009 11:47 PM
ALERT - Your bank works for the IRS kingsti Off-Topic 41 03-11-2008 09:19 PM
What mods will affect your AirCare numbers? Jesse00 Vancouver Impreza Club Forum -- VIC 21 06-07-2005 07:02 PM
what's the least amount of $$$ you've had in your bank account at one time? doubledribble Off-Topic 32 08-12-2004 01:10 PM
Paypal: how do you get funds into your bank account? samwY Off-Topic 6 11-08-2003 07:57 PM


All times are GMT -4. The time now is 10:15 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2015 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.