June 3, 2006 at 1:40 pm
#694275
Inactive
Hi,
I believe USA Banks are required to report any deposits $10k or more to the IRS automatically.
Although it maybe a bit of a process, PayPal does allows registering more than one financial institution. This may possible be a lower cost solution (vs. wire transfer) to moving funds to/from two banks ( of course one bank is registered with NETeller).
Anyone ever look into it?
Cheers