If I deposited $5000 every Monday and Thursday into my savings account (ANZ) will my account get flagged?
- EvaLv 74 weeks ago
If it's cash, there may be a suspicious activity report filed.
- Anonymous4 weeks ago
Very possible, they may suspect you are trying to avoid the $10,000 reporting limit.
- JJLv 54 weeks ago
Yes, if the deposit is made by cash.
- BillybeanLv 74 weeks ago
If cash, pretty much certainly.
If you have a genuine source of declared cash income for the $5,000's you would have nothing to fear from an investigation would you?