Originally Posted by
GeneCMH
Thanks for all of the responses so far.
I am a little bit concerned now as the amount in question is well over 10k. The money is from an elderly relative who's been literally saving it in their matress and wants me to take it and keep for them (deposited in my accounts). I'm starting to think that a very long road trip may be in order here. Though there's risk there too.
Why not just open a joint account with a major financial institution (Chase, Wachovia, etc.)? Fly to the relative, bring the cash to the local branch, and
voila, no problems in moving the money around.
As far as SARs and the like...I had deposited very large amounts of cash (20-25K a month) in what must have been very dodgy-seeming transactions (timeframe 1999-2002) pass through multiple bank accounts without an incident. Didn't get me on the terrorist watch list or anything similar, although post-9/11 I scaled back and finally ended the activity that was generating all the income (not drugs or anything illegal). YRMV, of course.