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jberryhill

(62,444 posts)

5. There is NO LIMIT to the amount of cash you can take in and out of the country

Reply to 1939 (Reply #1)

Wed May 13, 2015, 09:42 AM

May 2015

If you are carrying more than $10,000 in cash or equivalent into the country, you have to report it.

Likewise, there are bank reporting requirements for certain transactions.

In neither instance are you not allowed to travel with more than $10,000 internationally, nor are you not allowed to take more than $10,000 out of the bank.

Neither of your statements are correct.

There is no limit on the amount of cash one can take from Michigan to California. None. Furthermore, there is no reporting requirement of any kind in order to do so.

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6 replies

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DEA Steals $16,000 In Cash From Young Black Man [View all] jberryhill May 2015 OP

Not sure of the rules domestically 1939 May 2015 #1

There is no internal limit. Erich Bloodaxe BSN May 2015 #2

As matter of fact, you can take out all the cash you want; the bank just reports anything over djean111 May 2015 #3

And there is no limit on the amount of cash you can get in one bank transaction . ret5hd May 2015 #4

There is NO LIMIT to the amount of cash you can take in and out of the country jberryhill May 2015 #5

This law is disgusting. MosheFeingold May 2015 #6