I need some suggestions on transferring large amounts of money without restriction. Any?
by SeanRoberts417 on Fri Oct 23, 2009 5:28 pm
The only restriction is if it's cash. Then the bank will notify IRS if the transfer is $10,000 or more.
If you are asking how to transfer money, you can transfer it by wiring the money from one account to another. There is a wire transfer fee.
You can also write a check or deposit a check, depending on whether the money is going into your account or leaving your account.
Lastly, you can use a bank draft or a cashier's check.