Originally Posted by
vinhboy
1) Holding $5000 in cash in dangerous, I don't recommend it
2) Depositing $5000 in cash at once may trigger
SARs filing.
Because of the above, I would deposit in smaller amounts.
Be careful with that advice. Depositing large cash amounts may trigger reporting requirements, but if you have backup data and valid income, nothing to worry about.
If you deposit in smaller amounts to avoid this reporting, you are actually breaking the law. See:
http://en.wikipedia.org/wiki/Structuring