I know about ATM's but for me I have only a daily $1300 limit between my 2 banks, not enough for me. When I'm out of town I go to 1 of the banks and take out about $7500. That should cause no problem. I used to work in a bank. I do not go to my other bank or another branch of the bank I withdrew the cash, to take out say $5000. That would be called structuring a currency transaction and could get you in serious trouble with the IRS. In the case where you went to the bank and took out $7500 and then went to a different branch of the same bank and took out $5000 more in the same day, clearly you did such acts to avoid reporting of a currency transaction. This is illegal and should never be done. You could be in very serious trouble. As with casino credit if you take out more than $10000 in credit from one casino that casino will report a currency transaction on you. If you go to a few casino and take out in aggregate more than $10000 you have "structured" a currency transaction and you should report what you did to the IRS. Remember what you did was not illegal and long as you report what you did to the IRS. When paying back a marker or markers use chips or a check(s). When flying on a domestic flight and stopped by airport security answer all questions truthfully and bluntly. Do not make jokes. I myself do not like flying, especially when carrying a lot of cash. Everyone is different however.
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Posted by: nordo123@aol.com
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