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They’re onto you buddy
When i was getting monies transferred into my bank account from places like Costa Rica, Isle Of Man, etc…they brought in the bank security and asked me to explain what was going on, they froze my account and placed a 45 day hold on all my incoming cash before i could use it
Don’t worry, you’re not paranoid, i get the paranoia bug at times too, then go off changing my passwords and feel better
I started using the Neteller debit card also.
Costs $2 from Neteller to put on debit card and $?? from the ATM when you withdraw.
I have never had a problem with any ATM transaction. Only found Wachovia so far that didn’t let me use it.
Use the debit card , no records of anything.
you can send $1,000 a day to your debit card and withdraw $2400 a day from it . makes life so easy
Theoretically, if less than 10K is transferred in at a time, then the bank doesn’t file a detailed report. But I know what you mean – all those transfers coming in from the Isle of Man worry me…
Well I have been doing the Neteller withdrawals for over a year and never been contacted; just going through one of those moments I guess. On top of the Neteller withdrawals I also have other accounts set up for direct deposit. IF my bank ever locked my account you would see me on all the news networks
I dont think I would want that much money sitting on Neteller, even with the paranoia I feel safer with those funds in a bank account.
If my bank ever started asking questions about NETeller, or about where I was getting the money, I would switch banks immediately. You want my business? Then mind your own business. There are plenty of banks out there that would be happy to have me as a client without giving me the third degree about my personal business.
That said, I do think it is smart to keep the transfers under $10k. If you transfer more than that, the bank has to file paperwork and report that deposit to the IRS (I think).
If you’re looking for a new bank, there are many “online” banks you can choose from. You aren’t necessarily limited to the local banks in your town.
“You want my business? Then mind your own business.“
Great quote!
As far as I know, the bank has to file the report everytime the transaction is 10K or higher. But this is just per transaction…so they don’t keep like a monthly total. But I obviously would check into this – especially if you don’t plan on reporting these “independent contractor” income sources.
That being said, I think Bank of America scrutinizes my transactions way too much, and places holds on my checks when I deposit a few thousand dollars.But Washington Mutual is much better, in my opinion. Hope your on the West Coast though – I haven’t seen too many WaMu’s out East…
Ok, I have completed a bit more research on this topic and found a couple of items of interest. These items relate to large bank transactions that might result from being a successful affiliate or for that matter being successful in any job.
Currency Transaction Report
The Currency Transaction Report should NOT be filed for suspicious transactions involving $10,000 or less in currency OR to note that a transaction of more than $10,000 is suspicious. If a transaction is suspicious and in excess of $10,000 in currency, then both a CTR and the appropriate Suspicious Activity Report form must be filed.
Suspicious Activity Report
All financial institutions operating in the United States, including insured banks, savings associations, savings association service corporations, credit unions, bank holding companies, nonbank subsidiaries of bank holding companies, Edge and Agreement corporations, and U.S. branches and agencies of foreign banks, are required to make this report following the discovery of:
A list of items is given, but it amounts to anything that makes the bank suspicious about your transactions which includes a deposit, withdrawal, transfer between accounts, exchange of currency, loan, extension of credit, purchase or sale of any stock, bond, certificate of deposit, or other monetary instrument or investment security, or any other payment, transfer, or delivery by, through, or to a financial institution, by whatever means effected.
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So yes more than likely I have already been a subject of discussion as have any other full time affiliates making large transactions of any kind via your bank. All this talk of advertising online gambling being illegal has got me in a knot!
The more successful you become the larger the headaches get!
