Originally Posted by
DanTravels
I'm pretty sure I've got a credit card somewhere with more than $10,000 in unused credit limit. Who knows what I might do with it if the TSA lets me travel! And those folks with Centurion cards... watch out for them.
Credit cards and bank transfers are not subject to the $10,000 reporting rule. Only cash and cash-like monetary instruments are subject to the rule. The form says this:
WHO MUST FILE:
(1) Each person who physically transports, mails, or ships, or causes to be physically
transported, mailed, or shipped currency or other monetary instruments in an aggregate
amount exceeding $10,000 at one time from the United States to any place outside the
United States or into the United States from any place outside the United States, and
(2) Each person who receives in the United States currency or other monetary
instruments In an aggregate amount exceeding $10,000 at one time which have been
transported, mailed, or shipped to the person from any place outside the United States.
A TRANSFER OF FUNDS THROUGH NORMAL BANKING PROCEDURES, WHICH
DOES NOT INVOLVE THE PHYSICAL TRANSPORTATION OF CURRENCY OR
MONETARY INSTRUMENTS, IS NOT REQUIRED TO BE REPORTED.