factually
Index/Topics/Currency Transaction Reports

Currency Transaction Reports

The requirement for banks to file currency transaction reports for large cash purchases of monetary instruments.

Fact-Checks

2 results
Jan 24, 2026
Most Viewed

once your checking account activity hits $10,000, the IRS starts collecting your financial information from your bank.

A simple $10,000 trigger in a checking account does not automatically mean the is ; federal law requires financial institutions and businesses to report certain cash transactions over $10,000, but tho...

Jan 24, 2026
Most Viewed

What transactions exactly count as "cash" for Form 8300 reporting?

requires businesses to report receipts of “cash” over $10,000 because Congress and regulators treat large cash receipts as a red flag for , and other crimes . The IRS and define “cash” broadly to incl...