I recently just opened up a separate bank account. I have deposited about $7,400 in it so far (into my savings).
I have about $5,000 in cash I'd like to deposit. I don't want to raise any red flags though if I deposit it. Anyone got any advice on how I should go about this? Should I just keep the cash and wait a couple months to deposit it..or does it really matter? I feel like I'm such a small fish that I could easily get by depositing $5,000. But I do not have a job, I am currently in school. The last thing I want is red flags on my account.
Any suggestions on what I could do would be great. If I deposited the money into my other account, and then I sent it to my new account through my old account--would that be less sketchy then walking into my new bank and depositing it?
you're going to need to find a way to launder the money one way or another, and sooner than later. your biggest threat is the tax-man. He wants his cut. $12,000 is ok, but if you're making thousands a month, you NEED to find a way to declare tax on it.