Putting illegal money into bank account.

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?


Comments


[36 Points] None:

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.


[22 Points] None:

Just buy a goddamn car wash!!!!!!!!!!


[19 Points] Maklo_Never_Forget:

Why not spend it? You can but groceries, gas, furniture etc all that stuff with cash. No hassle of laundering and/or banking it


[10 Points] darknetdork:

Why don't you just keep that cash on hand? Seems like a huge hassle to deal with the bank and less secure.


[10 Points] Magicpurpleponyrider:

Post a fake ticket to stubhuh for that much and buy it from yourself, you'll get the money and make it look legit


[7 Points] arseneloasis:

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?

No.


[8 Points] overlord710:

Don't report the god damn money on taxes

Just goto the ATMs that accept bills and deposit it $600-1000 at a time a few times over the course of a couple weeks or months

$5000 is nothing to a bank, especially for a one time deposit - do not worry


[5 Points] TDarkKnight:

Get a gig as a part time bartender, waiter. Declare the income as tips.


[3 Points] DNM-Accountant:

If you are going to have more cash coming in I very much suggest starting up an actually business in the near future.

With this you can make the dirty cash enter a legit business, get it taxed accordingly and have nice clean cash with no questions asked.

Do not "over-cook" your books. Do not add them into your revenue stream in a pattern and in suspious amounts. Keep it simple and change it up.


[3 Points] Lucid_Enemy:

I'll tell you how I hide cash when I need too but I don't do alot that often... start up a gofundme go to a store get a bunch of prepaid cards (not visa cards but the ones you use over and over) then just start donating yourself money then gofund cuts you a check and its clean money any kind of personal charity site works for this.... but honestly over 10 grand is when you should worry... also you have to realize the bank is a business in order for them to remain in business they need customers.... believe me confronting a client to them is there last resort they don't want to lose out on you because that 5 grand is going to get loaned out or invested somewhere by the time you walk out the door.... so if they do start asking questions be like "really it's none of your business and I'll be taking my money else where.... " they can't arrest you for this unless they call IRS who launches a investigstion over a 5 grand deposit.... and as much as we wish and want our government to be this efficient there not and will never be so imo just walk in there 5 grand proud and deposit it


[3 Points] dankbeat_master:

If you like video games, you could start a stream and pay for viewbots and donatebots. The cash would go from anonymous paypal accounts into yours as donations. Similar to the Heisenberg Strategy, but not nearly as expensive as you would think.


[2 Points] Fukthishat:

bro just keep it in cash. buy a safe and keep it in it. or start looking at how to transfer accounts overseas. the last thing you want is to have the irs looking in your bank account.


[2 Points] chillywaterphish:

I use to work at a bank don't do anymore than $800. Don't do it every month, raises a flag. Find another way...


[1 Points] shitterplug:

Both options will raise a red flag and you'll probably either be audited, or be visited by an auditor. Then once that happens, you're pretty much fucked. Just deposit a couple grand at a time, once a month. You can also start a small business, get a tax ID number, and just pay the big man his cut.


[1 Points] None:

One time is less of an issue than many times. Its not unbelievable that a normal guy has 5 grand in a drawer. It is unbelievable that he deposits twice his income....


[1 Points] rabbit_hole_diver:

slow and steady wins the race. $100 per week tops. i dont know how things work in 'merica, but it works fine in canada.


[1 Points] drumallday7:

Having worked in a couple banks for a while, I can assure you at this level you have nothing to worry about from them. At this level, you won't even show up on a financial institution's radar, but as everyone else is saying, the IRS is really your primary concern. Banks don't generally give a shit to worry about this stuff at this level, but it's the job of the IRS to find people earning money and not paying tax, and they use the data from the banks about your deposit balances to help generate audit leads (interest payments from the bank are reported as income).


[1 Points] DickClarkFive:

Dude, if you're asking how to launder money in a forum such as this, you are in over your head and probably going to caught.

In that case your best bet is to just keep the cash and stay away from the bank.


[1 Points] Secksiignurd:

Deposit small sums of that cash over time. I'd keep the amounts less than $1000, and I'd also use smaller bills, such as $20s, $10s, etc.

Also, use that cash to buy silver coins and bars. At least your converting fiat into actual... money.


[1 Points] Insanity_-_Wolf:

If you want to launder money, it's best to do so at an international level. Shell companies alone aren't very good anymore. When you involve your business in other countries businesses the US government needs to go through many hoops to obtain documentation related to your business. Many countries outright ignore these requests outright and cases are often dropped completely due to lack of evidence. Keep in mind that I'm talking about 8-figure sums here. So, unless you plan on making a career out of this it won't be necessary. You mentioned in this thread that you're a college student, so you could simply start tutoring and deposit a reasonable amount every 2 weeks making sure to pay the taxes. This is the big part, pay your taxes! "Earn" enough money to pay for rent/car and pay for everything else in cash. You can open international pre-paid cards which usually carry a $10k limit, but that won't really be necessary. You can buy non-reloadable pre-paid cards with a $500 limit at most grocery stores, which don't require any sort of id if you really want to use a plastic card to make transactions. Have 1 for gas, 1 for food, 1 for clothes, etc..

It's nice not having to worry about money. If your set on making more, then I would re-invest. 12k isn't that much after all. That can get you 6 keys of coke in Peru. Hire a few mules and you can probably get 3 keys after "transport" costs or simply try mailing small quantities from South America to a drop. With those 3 keys you can make $150-300k selling on the darknets.


[1 Points] None:

get a valet job and deposit your money over a span of 2-3 months. valets make cash tips, or get any cash tip job at that.


[1 Points] omnisentinel:

small deposits are best, because banks are supposed to report "large" sudden deposits to the government.


[1 Points] Vvvvvvvvvv_:

What I suggest is not putting your money in a bank obviously. Keep it as cash in a safe or put it all into bitcoins and keep them in cold storage.

But if you really want to put it into your bank account, just get a money order written up for you somewhere so it shows up as coming from someone else on the record that's a more likely candidate for having that amount of money.


[1 Points] Sex4days:

one big question, i guess you dont care about making interests on your deposits. why would you want to put it into your account? it gets put on record and as said before, the tax man wants his cut. i would strongly advise you to put cash inside of a bank box instead of into your bank account. no records.


[1 Points] crystaldust:

FinCEN 8300 (Cash Over 10K Received in Trade/Business)


[1 Points] CookyDough:

https://www.reddit.com/r/DarkNetMarkets/comments/2yw2h6/cryptocurrencyat_what_amount_does_a_bank_look/cpdj2sb


[1 Points] DarkDubzs:

Why not just spend it? I'm serious though:

Use your financial aid, if you get it, or other legit income to pay for stuff that you absolutely cannot use cash to pay for. Use the cash for groceries, gas, other bills and small charges you can pay for in person with cash. Like you can get credit cards from places like Target, use that, then you can pay it off with cash in person, that's still a common thing for people who have those cards and don't trust/can't pay online or whatever.

Buy yourself a nice, strong, heavy fire/water/theft proof safe, stash the cash in there, save it and use what you can. Eventually you can buy a car, or whatever goal you set, in cash. Or just spend it. Go on a shopping spree with the cash if you don't give a fuck about saving it.

IMO, the only secure option for doing this long term is to start a legitimate business. You're a college student, open a startup like any other young adult. Use the money to fund it and buy what you need for it. Think about your options and take your pick: It can be mobile car washing, detailing, custom computer building, photography, pet grooming, pet walking, house cleaning, handyman, gardening, pool maintenance, whatever. Maybe even open a storefront or rent a spot at a strip mall/swap meet for whatever you pick. Do whatever Walter White did.

I just lurk here for fun and thought I could offer some help. Good luck.


[1 Points] Tune-chi:

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[1 Points] burger44:

Just make small couple hundred dollar deposits over a few weeks. People get gifts from friends & family all the time.

You really only need to worry when it starts getting to big boy levels.

Do you have a parent/sibling/friend who can take cash & write you s check ? Perfectly legal to gift someone up to 13-14k a year in the us.

I'd do that,


[1 Points] Bukujutsu:

Wait, here's something no one may have addressed (long thread):

What do bitcoin millionaire's do? I mean, they literally invested in bitcoin and became rich. Where do you go from there?

What's stopping someone from claiming the same? What are the details on how you do this, the tax rate you pay? Theoretically, it seems like the simplest method of all.


[1 Points] PurpleBeamz:

If you are in the US as long as you deposit under 10K the IRS won't look into you, you could make many smaller deposits between 6-8K & never have an issue. It would help to make the amount random & you could also open multiple bank accounts & spread out you're deposits. The golden rule is never deposit more then 10K unless you are ready to prove where it came from!


[1 Points] Devoid_:

Why not buy guns. Look up the price of sks, Mosin nagants and Mauser in the last 10 years. They've doubled if not more. You can buy them buy the crate completely legally and especially sks sell for a premium in states like new York where it's basically the most fun you can legally have. Then if theyou ever ask just say you bought it with your legit income


[1 Points] fourty7oz:

Get a checkings account at Bank of America and you can do instant cash deposit at the atm while the bank is closed and no one will even know, so as long as you scatter it up and into $500-$2000 transactions every few days it will not raise a flag. Then transfer from your checkings account to an investment or savings account (Bank of america owns merril lynch) I think Wells Fargo also has instant deposit at their atms.


[0 Points] MrMasterPlanner:

It depends on what you use your money for. It might be wise to invest in bitcoin or some other cryptocurrency.


[0 Points] Selectivescammer1:

Pay it in in smaller amounts but not to often. so maybe 500 a month in two payments, then over time build the payments up a bit so it looks like a natural progression. It's not that much cash anyway , but look up 'structuring' and make sure it's not artifical looking.

Have an excuse ready just in case you are asked where cash has come from, but tbf it's not a lot of money.


[0 Points] JRM-:

you could have a couple people you know make a couple checks out to you and just put them in the bank. deposit like 2.5k each week for 2 weeks. if they ask you can say you just closed a account at a different bank.


[-1 Points] MuhammadTheProfit:

I would do $500 every two weeks, it's not too much. I personally would also open a second bank account at a different bank and deposit there, then once your money is in the other bank transfer the funds online and you can close out the other bank account.


[-1 Points] Vendor_BBMC:

$5000? That's, what? £3000 in real money.

Banks do what they're told. Say you sold a 6 years old second-hand car. It seems like a lot of cash to a student, but you won't be troubling Forbes rich-list. Banks don't "think" or know your occupation.

Banks only care when you have NO money - thats when you see what utter bastards they are. Keep at least $5000 in your account and they'll be as nice as pie. They WANT your money.


[-3 Points] None:

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