If I move $20k from my checking to my savings account at once, in the same bank, will that trigger the feds? Would I have to fill out any paperwork?
no, they already know you have 50k with that bank. you can move it around within that bank all you want.
now, if all of a sudden another 50k were to come in without good reason, this may trigger some suspicion.
What do you consider " large"?
10k gets reported
Suspecious amounts less than 10k can get reported if it appears you are trying to skirt reporting. Like is you deposit 8k one day, then 4 k a few days later.
Suspecious activity involves human judgment, so it can vary.
recently a local couple got busted for robbery because the bitch was depositing a large sum of cash and said something like " lol I promise it's not drug money lolol" and the teller filed a suspecious activity form an her ass.
>getting arrested by the FBI
kek, holyshit senpai
I just spent that amount on some parts for my new build
this means you only make 6k/yr? noway