WitrynaTherefore, it is important to have enough cash before withdrawing a large sum of money. Withdrawing $10k from a bank is legal, but the bank must report the transaction(s) to the IRS. ... A bank account is typically a safe place to store your money, as all bank accounts are insured for up to $250,000 by the Federal Deposit Insurance … Witryna26 maj 2024 · hsbc are perfectly able to handle deposits of cash of any size - and they do have the processes and systems in place. You may think 20k is a large sum for hsbc …
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