wet hull
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Headed out to drop $27k in cash to pay off vehicle loan. Can I expect any issues at bank or will they just except with issue? Payoff is happening in Las Vegas.
lol its vegas. tell them you won it from Keno.Headed out to drop $27k in cash to pay off vehicle loan. Can I expect any issues at bank or will they just except with issue? Payoff is happening in Las Vegas.
is it your loan???Headed out to drop $27k in cash to pay off vehicle loan. Can I expect any issues at bank or will they just except with issue? Payoff is happening in Las Vegas.
My loanis it your loan???
Well crapI would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
I believe they call that money structuring and is also a no no.
The title has the banks lien on it...so therefore when you pay it off the state has to reissue a free and clear title...that's what takes the time. You will get paperwork that notes the payoff of the loan..
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
Well crap
No it is not illegal to be forgetful and make multiple trips to the bank
Let's not give advice you know nothing about. Very illegal. At the same time, his transaction is not illegal and not for laundering money or tax evasion so there is no point in making a completely legal transaction come under scrutiny.
Loan is paid off. No issues and no reporting. They were glad to take my cash
Then making 3 deposits of $9K as opposed to one of $27K isn't illegal either...
I believe they call that money structuring and is also a no no.
Then making 3 deposits of $9K as opposed to one of $27K isn't illegal either...
Loan is paid off. No issues and no reporting. They were glad to take my cash
You ever heard the saying that the cover-up is bigger than the crime? There is no crime in depositing the money, it's not laundering, it's not tax evasion, so why make it look like that and put it under scrutiny? That's moronic!
Looks like everyone has their own way of doing things. To each, his own.
Glad the OP got it taken care of with no hassle.
holy cow.... hello people. make sure if you have interest on that loan they are only charging through today... like figure what it would be. it's a pretty simple calculation. But don't pay more that you owe.
That's called structuring. They frown on that one. Just saying. [emoji16]I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
Sure glad I dont ask for help with my 2.50 in my checking account. I think I would owe the assclowns money at the end of the day ..[emoji39][emoji202]
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Can’t you deposit in bank and the. Turn around and write a check to pay off loan?
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
My daughter paid off her car loan this past March. 11k total payable to Nissan. She broke it into two payments. Received a letter from Nissan the loan was paid off and that the title would arrive US postal service within three weeks. Title arrived two weeks later. That is the scary part. A clean title sitting in the mailbox on a public street.
Can’t you deposit in bank and the. Turn around and write a check to pay off loan?
The title has the banks lien on it...so therefore when you pay it off the state has to reissue a free and clear title...that's what takes the time. You will get paperwork that notes the payoff of the loan..
Money in or money out of a bank account will get reported .
I heard it is less than 10k now
Don’t do it .
Sell the car
Buy a new car with the cash
A little cleaner
So the bigger question is where did the 27 k come from ??
Just have a good answer and your ok with an audit that will be coming your way
FYI - It’s not a problem depositing the whole thing at once and doing the CTR.I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.
I would deposit that $27K over several days in $9k increments and then write a check to pay off the loan. I think you'll trigger the $10K federal reporting rule if you pay in cash.