At what point does my bank have to report deposits of cash?

I have a tenant who pays her rent in cash, I have accumilated $4,000, which I want to deposit into the bank, but I have heard that large amounts of cash are "suspicious", (due to drug traffic, money laundering, etc.), so deposits of cash above a certain amount are reported to some entity or other. What is the "safe" limit to avoid being "reported" to Big Brother? Does this vary from one state to another? I live in Texas.

At what point does my bank have to report deposits of cash?
The magic number is $10,000. And there's nothing wrong with depositing that much or more in cash. As long as you report the income and it's legit, the Feds really don't care. I gotta ask though, why would you have $4,000 in cash laying around the house and not earning interest? Very bad cash management and God forbid you get robbed.
Reply:They are required to report anything $10,000+. They may (and do) also report "structuring" - e.g. making lots of smaller deposits to avoid the reporting trigger. I'd deposit the money you have now for reasons that have nothing to do with reporting. And in any case, unless you're running a drug operation or something, what harm does it do to be "reported"?
Reply:Terribrooke said it all





one thing to add -


do not go into any bank and ask these questions even though you've done nothing wrong tellers are required by the government to report any suspicious activity b/c if they don't they themselves and the bank can be fined millions.
Reply:I know in the State of NY is anything over $10,000.00. Check with your bank they have to let you know.
Reply:If you deposit more than $10,000 in cash, the bank is required to fill out a Currency Transaction Report. There is also a Suspicious Activity Report that banks fill out. There is no specific amount on this report. If you have never deposited this much cash before, more than like your bank will fill out a SAR. You will have no idea if they fill it out or not. Also, most banks keep track of all cash transactions above $2000 or $3000 for their own records.





Also, if you break your money up and make several smaller deposits, that is called structuring (which is illegal.) Banks watch for this and will fill out a SAR for this as well. Your best bet is to deposit it all at once and start making monthly deposits when your tenant pays her rent.





This does not vary from state to state. It is a federal thing.