Wire transfer question - GoFuckYourself.com

Tytan · 05-09-2005, 05:28 PM

what happens if 100 people wire you money? at the same time

won't get blocked because of the amount going in

Mr.Fiction · 05-09-2005, 05:30 PM

It depends how thick your bank's wire is.

Chio The Pirate · 05-09-2005, 05:31 PM

Quote:

Originally Posted by Tytan

what happens if 100 people wire you money? at the same time

won't get blocked because of the amount going in

YARGH! Nope not blocked. A bank is not paypal.

Kimmykim · 05-09-2005, 05:32 PM

Would depend on your bank as to whether or not they decided to investigate. And if the wires are for 5k or more each, every one will trigger a cash transaction report to the IRS.

Chio The Pirate · 05-09-2005, 05:35 PM

Quote:

Originally Posted by Kimmykim

Would depend on your bank as to whether or not they decided to investigate. And if the wires are for 5k or more each, every one will trigger a cash transaction report to the IRS.

YARGH! I thought it was 10K, did it change since 9-11? I get large wires all the time, and so far the IRS hasn't come sniffin' around me big boat. Thank god

Tytan · 05-09-2005, 05:36 PM

Quote:

Originally Posted by Kimmykim

Would depend on your bank as to whether or not they decided to investigate. And if the wires are for 5k or more each, every one will trigger a cash transaction report to the IRS.

ok thanks for that

DateDoc · 05-09-2005, 05:38 PM

If you are in the US and you receive more than $10K the bank is required to file a CTR (currency transaction report) with the govt. This can be one deposit over 10K or two or more deposits from the same individual totalling over $10K. If you received 100 wires at once I am sure it would set off a few alarms at the bank and they may file an SAR (suspicious activity report). If you have not done anything illegal you have nothing to worry about. You may have to answer a few questions for the bank and one or more govt agencies though.

DateDoc · 05-09-2005, 05:39 PM

Quote:

Originally Posted by Chio The Pirate

YARGH! I thought it was 10K, did it change since 9-11? I get large wires all the time, and so far the IRS hasn't come sniffin' around me big boat. Thank god

No, it is still 10K.

05-09-2005, 05:28 PM	#1
Tytan Too lazy to set a custom title Join Date: Sep 2003 Location: Somewhere over the rainbow Posts: 1,391	Wire transfer question what happens if 100 people wire you money? at the same time won't get blocked because of the amount going in __________________ Adult Webmaster/Pharmacy/Mortgage/Casino/General opt-in email lists for sale - full data ---------REFERENCES AVAILABLE----------- ------------------------------------------------ Adult opt-in bases for sale icq@261453175

05-09-2005, 05:30 PM	#2
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	It depends how thick your bank's wire is. __________________ Don't be lazy, protect free speech: ACLU \| Free Speech Coalition \| EFF \| IMPA

05-09-2005, 05:38 PM	#7
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	If you are in the US and you receive more than $10K the bank is required to file a CTR (currency transaction report) with the govt. This can be one deposit over 10K or two or more deposits from the same individual totalling over $10K. If you received 100 wires at once I am sure it would set off a few alarms at the bank and they may file an SAR (suspicious activity report). If you have not done anything illegal you have nothing to worry about. You may have to answer a few questions for the bank and one or more govt agencies though. __________________

05-09-2005, 05:32 PM	#4
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	Would depend on your bank as to whether or not they decided to investigate. And if the wires are for 5k or more each, every one will trigger a cash transaction report to the IRS.