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Author Topic: US bank account  (Read 14043 times)

Steve, CDN

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Re: US bank account
« Reply #30 on: October 10, 2006, 09:25:24 AM »
Transactions with financial institutions in Canada in excess of $10,000 are investigated or at least require specific identification and close scrutiny as added security measures.
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Road Runner

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Re: US bank account
« Reply #31 on: October 10, 2006, 09:36:16 AM »
Cant see any well funded arms dealers/drug dealers/terrorist creating much havoc with 10K ::) ::) ::)

Suppose it how many XXXXX he does it ??? ??? ???
John (UK member)
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woodartist

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Re: US bank account
« Reply #32 on: October 10, 2006, 04:12:02 PM »
I think the games is to go under 10K, many times with different people? This reg was actually created many years ago before 911 and was directed at drug dealers. I know the casinos will make pay outs "near" 10K if you win a jackpot. Of course if not reported then one has an inclination to avoid the taxes............

Tom

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Re: US bank account
« Reply #33 on: October 10, 2006, 06:49:49 PM »
....go under 10K, many times...

That's the way to do it, and it doesn't need to be with "different people" (or different banks}. Just keep the transactions on different days and you stay under the radar.

Quote
This reg was actually created many years ago....

I suspect that $10K was a lot of money when the reg was created.

FWIW a few weeks of daily $9.999K transactions would have funded one of the 9/11 bad guys, including paying for flying school.
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Road Runner

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Re: US bank account
« Reply #34 on: October 11, 2006, 04:53:51 AM »
Off topic again but we in the UK now have the government wanting to introduce ID cards by 2010 and at present will cost each of us £100 but by that time ???????

It will not stop terrorism in my view but will hold data that all the tricksters will be able to access and use for dubious means.

In London now it's hard to find a British person and no one challenges them to who they are and  should they be here and since the EU asked us to open our doors to newer state member nearly every town has been flooded with Poles which means that unwanted immigrants can merge in even easier.

So I suppose what I am trying to say is that closing down on the ordinary guy only hurts him and doesn't affect the bad uns and in fact plays into there hands.

« Last Edit: October 11, 2006, 04:55:50 AM by Road Runner »
John (UK member)
95 Sellers Wakeechee 34 ft with ford 460 engine
Jeep Grand Cherokee 5.7
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Tom

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Re: US bank account
« Reply #35 on: October 11, 2006, 10:59:29 AM »
Maybe Enoch Powell was right  ???
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JohnSandyWhite

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Re: US bank account
« Reply #36 on: October 11, 2006, 11:40:39 AM »
Maybe Enoch Powell was right  ???

 :) I have never been racially predudiced, having spent several years in the Army with all the colours under the rainbow. However. I have always thought that Enoch was the BEST man NEVER to ever become Prime Minister.  ;)
Been there, done that. But I never stop learning

Tom

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Re: US bank account
« Reply #37 on: October 11, 2006, 11:44:56 AM »
LOL John, a lot of folks obviously agreed with you.
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rankjo

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Re: US bank account
« Reply #38 on: August 31, 2007, 07:05:35 PM »
For Canadians, the bank account of choice is one with NO INTEREST.
I was offered two different accounts in the place I stay in Florida, one that offered a pathetic %, and one that offered zero percent.
The zero percent one is not reportable, it is just somewhere to accept Canadian funds in Florida.
Rankjo

Steve, CDN

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Re: US bank account
« Reply #39 on: September 01, 2007, 02:11:33 PM »
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it is just somewhere to accept Canadian funds in Florida

You'll have a tough time to find that, and if you do, you'll get robbed on the exchange.  I don't know if the U.S. subsidiaries of Canadian banks would be better such as the Royal and Harris.

However there are much easier ways of moving your Canadian money into your U.S. account using a T.D. U.S. account, moving your funds into that account over the phone and then depositing a check into your U.S. account.
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