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Originally Posted by FlyingDiver
(Post 19862266)
The declaration is only for cash (and maybe negotiable instruments). Pre-paid credit cards, which I think you're talking about, would not apply. So no, nothing to declare.
Not yet prepaid debit cards, but they are being considered along with a variety of gift cards as instruments that can be used to launder money (and I don't mean than in terms of washing machines/buckets that launder clothes and bed linens). |
Originally Posted by GetSetJetSet
(Post 19866851)
I'm trying to wrap my head around when it would be necessary to enter a country with $10,000 in hard cash unless you're conducting shady dealings.
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let's use a very real example. i mANUFACtured photo frames. in my product, iused real italian molding. most of it was purchased in italy at an annual trade show in blq. italy in a notorous tax evasion country. production was limited, and if i wanted to see product in 3 months, i paid cash. a small container carried 100000meters of moulding, a large container, 200000 meters of my product. at a buck a meter, this is not atm machine payments. i got AMEX TC's from AAA for free. they had on denomination larger than $100. my wife and i would spend an evening signing the things.
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re depositinjg to a us bank was also a task.each had to be countersigned and us banks go crazy at over 10k deposits.
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Originally Posted by slawecki
(Post 19866871)
i carried much more than 10k back and forth. i thought it necessary. are you accusing me of being dishonest. take a time out
to many, ten grand is not a whole lot of money. |
Some of the info in this thread is absolutely incorrect. You do have to declare the export of cash or certain cash equivalents of 10k or more when leaving the country, as well as returning. The requirement to make the declaration has nothing to do with whether there is a checkpoint or not. See the instructions regarding Fincen form 105. Failure to do so could result in forfeiture and criminal penalties.
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For the EU you have to amounts over 10.000€ cash or cash equivalency if you leave or enter the EU.
The necessary declaration from can be found here EU Customs Cash Declaration Form So for example if you fly from Germany to the US with silver coins worth over 10.000€ (about 13.000US$) you have to declare them when you leave Germany and when you enter the US. |
Originally Posted by GetSetJetSet
(Post 19866851)
I'm trying to wrap my head around when it would be necessary to enter a country with $10,000 in hard cash unless you're conducting shady dealings.
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Originally Posted by GetSetJetSet
(Post 19877012)
I'm not accusing anyone of anything, I just don't get the rationale. Unless you're going to Burma or someplace with no ATM's or ability to use credit cards, why would you want to carry cash? Also...as we know, you earn no miles when you pay cash haha.
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Originally Posted by GetSetJetSet
(Post 19877012)
I'm not accusing anyone of anything, I just don't get the rationale. Unless you're going to Burma or someplace with no ATM's or ability to use credit cards, why would you want to carry cash? Also...as we know, you earn no miles when you pay cash haha.
there were a couple of us companies i bought from that demanded credit card. i am certain they paid over 2% to get paid by my card. sometimes i had to use 2 cards, because i had a max 25k limit on my biggest card. these guys were paying $1000 to hit my card, and i was getting 40k miles.(and 30 day terms) |
Originally Posted by caspritz78
(Post 19878239)
For the EU you have to amounts over 10.000€ cash or cash equivalency if you leave or enter the EU.
The necessary declaration from can be found here EU Customs Cash Declaration Form So for example if you fly from Germany to the US with silver coins worth over 10.000€ (about 13.000US$) you have to declare them when you leave Germany and when you enter the US. Most major jurisdictions of relevance to me treat, for the purposes of export or import declaration, precious metal bullion/coins/jewellery as distinct from currency (cash or coin) in circulation. |
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