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Old 05-09-2009, 11:03 PM  
DaddyHalbucks
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Join Date: Feb 2004
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Quote:
Originally Posted by Diomed View Post
GFY Banking Experts,

I was wondering if you can split a big check between two accounts at the same bank.

Say I have a checking and a savings account at Bank of America for example, and I just got a $14,000 check. I'm wondering if you can put half in your savings and half in your checking.

Basically I'm trying to figure out a way to lower such a large deposit amount because isn't there a rule about depositing over like 8k at once it automatically gets flagged?

I could be off on this, but would appreciate any helpful info.

Thanks guys
Attempting to hide transactions or break them up to keep them under the reporting limit is illegal. It is called "structuring."
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