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How much money can I deposit into the bank...
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Hi. I'm a university student in Canada and I have quite a fair amount of cash saved at home. It's not from anything illegal but but I should probably deposit it into my bank account soon. I'm hesitant to deposit it all at once though just because I heard if you deposit too high of an amount you need to fill out paper work and stuff and it just sounds like a nuisance.
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>>1045512

>Chinese UBC student detected
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>>1045543
This desu lmao.

>>1045512
Just claim it on your taxes. As long as it's not illegal or sketchy in any way you will have no problems. They're just obligated to notify the CRA about it and maybe keep a closer watch on it.
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>raising red flags
I think it's 10K in Canuckistan but probably depends on what type of the file the spooks have on you. The technocratic Inquisition is on! Race to remove cash and all that, go all plastic!
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>>1045543

Whoa. I actually am a UBC student but not Chinese at all. Good guess though. UBC has students that are by far wealthier than me. Some drive Lambo's and shit their parents buy for them.
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>>1045512
BSA (Bank Security Act) Software will pick up anything out of the ordinary for your "Risk Category" (ie location, age, profession). Anything anomalous will be flagged and brought to the attention of a BSA Officer who will review the transaction. BSA Officers will also set the risk levels for each bank following a certain model that gets audited annually (or should).
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>>1045512
worked at a bank - anything over 10k requires a quick questionnaire regarding the origin of the funds. one big deposit will likely not raise any flags. constant cash deposits may raise suspicion.
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>>1045512
Less than 10k in Canada. These foreign students I studied with all had like 3 bank accounts and deposited to each separately.
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>>1045727
Bartender here, I make thousand dollar cash deposits on the weekly. No one has batted an eye at me.
Thread replies: 9
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Thread DB ID: 429201



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