Is my bank account activity suspicious?

I know this questions has been asked a couple of times but it usually pertains to BTC purchases and cash deposits in the thousands of dollars range. My question is if BTC purchases of $300-$400 range once or twice a month and then cash deposits of around $800~ a few weeks after BTC purchase is enough to raise suspicions. If they were to ask about my income(considering I'm a full time student with no job) my explanation is that I buy cheap guns from private dealers and then fix them up and flip them, along with doing small jobs on the side, but that wouldn't explain the BTC purchases. Any advice? Will this raise red flags with the bank and IRS?


Comments


[8 Points] None:

No

Edit: I stopped reading before the fun part. Lol why in the world would you mention the word gun in a bank? Just tell them your a computer repair man. For fucks sake already, your dealing in chump change.


[2 Points] heyfreshhhhh:

I don't think $800 a month is suspicious, honestly...


[1 Points] Vehemens1984:

I don't know if it makes a difference but I also have dozens of other online purchases on my bank acitivity in between buying the BTC and cash deposits so those aren't the only two types of transactions on there.


[1 Points] None:

Yes


[1 Points] trynakick:

Honestly, people have all kinds of reasons for $800 deposits. Maybe you make tips somewhere? Maybe you cash your check not at your bank and then put the cash in to get it quicker? Maybe you buy and sell Bitcoin???

If this were 400k and 800k, the Feds might be interested. But think about it this way. If they are going to catch you by analyzing bank traffic, the. They are gonna want their cut of the taxes. So the $$$ amounts they would recieve have to be worth it. $800/month isn't.

That being said, purchase you coins with libertyX or LBC cash deposit, then keep your drug money out of the bank.


[1 Points] DanCasdro:

If you're buying bitcoin, do it on a pre-paid visa card like American Express that you can get at places like Walmart. You're leaving a money trail and like someone said, bank employees are supposed to report suspicious activity. Also pay in cash for it. You can withdraw your money, go get the pre-paid card, and then buy the coins. If you're ever questioned about it, you just prefer to save up change from paying in cash and whenever you do make income, you funnel it back in and repeat this process.

Edit: The computer repair man story is a much better way to go about it than flipping guns.


[1 Points] hangbellybroad:

IME, that is not suspicious. But my bank is still locally owned, and has not yet been nosy or suspicious.

Can you really still buy anonymous pre-paid debit cards? All the ones I have seen require some kind of ID at some point. Fuck, Chase and BOA won't even let you deposit cash into an account that isn't your own. And that will probably spread.


[1 Points] DexOyama:

That amount isnt enough to make anyone suspicious 800 a few weeks isnt a lot of money especially if you consider that there are a lot of cash business out there.


[0 Points] deliciousbuttermmm:

$800 cash once or twice a month into a personal account sound ssupsicious to me. Especially if you look at all like you could be a drug dealer. Bank employees are supposed to report suspicious activity and suspicious seeming people. Cash with no explanation is dangerous.