Declaring over $10,000
#16
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,077
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).
#17
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,077
Have you ever had to do legitimate business, personal or family business, in places with limited banking facilities where daily ATM withdrawal/withdrawal limits are problematic in helping to meet timely payment of legitimate goods or services from individuals or businesses that don't have or don't like merchant banking relationships or need the money sooner than later? Apparently not. Use of cash -- even large volumes of cash -- is legitimate and often even expected by a variety of legitimate business or personal counterparties.
#18
FlyerTalk Evangelist
Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
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.
#20
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Join Date: Dec 2009
Location: En Route
Programs: Many
Posts: 6,798
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.
#21
Used to be 'Travelergcp'


Join Date: Jul 2003
Location: New Orleans
Programs: AA Plat, Marriott Gold, Hyatt Globalist
Posts: 2,933
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.
#22


Join Date: Oct 2007
Location: Munich, Germany
Programs: Miles&More Blue, SPG Silver
Posts: 3,452
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$) you have to declare them when you leave Germany and when you enter the US.
The necessary declaration from can be found here
EU Customs Cash Declaration Form
So for example if you fly from Germany to the US with silver coins worth over 10.000€ (about 13.000US$) you have to declare them when you leave Germany and when you enter the US.
#23
Join Date: Mar 2010
Location: DEN
Programs: Double OWE (AA EXP, QF Plat), FI Gold
Posts: 1,886
My company in Chile (a Big Four firm, if you can believe it) issues company credit cards to Partners only. When I travel for extended periods, I have to take out a cash advance from the company and thus fund my trip. It's a nightmare for hotels, but I've never had a problem getting into the US once I explain the reason for so much green.
#24
Join Date: Nov 2010
Location: Brooklyn
Programs: AMEX Plat, AAdvantage Gold, UA, SPG Gold, HHonors Gold
Posts: 963
I like a punt, so flying to Vegas or heading on a cruise cash was good ( or coming back from these locations winning). LOC are one way to do it but if you win what to do?
#25
FlyerTalk Evangelist
Join Date: Dec 2000
Location: south of WAS DC
Posts: 10,131
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 $1000 to hit my card, and i was getting 40k miles.(and 30 day terms)
Last edited by slawecki; Dec 26, 2012 at 6:45 pm
#26
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,077
For the EU you have to amounts over 10.000€ cash or cash equivalency if you leave or enter the EU.
The necessary declaration from can be found here
EU Customs Cash Declaration Form
So for example if you fly from Germany to the US with silver coins worth over 10.000€ (about 13.000US$) you have to declare them when you leave Germany and when you enter the US.
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.

