Re: does depositing $9900 to my check account seem fishy to the bank+gov?
The $10,000 reporting requirement has additional caveats. If the institution cashing/depositing the check has a resaon to believe the money has either been obtained through illegal means, it may be part of a money laundring scheme or it is in an amount intended to circumvent the required report they are then required to report the transaction. Most institutions will err on the side of caution (particularly these days) and report any transaction (no matter the amount) which falls into any gray area whatsoever. IMHO your $9900 check will likely fall into this "gray area" at most institutons.
A question, why give up the 10% interest at Party? Or was your account established too late to take advantage of this offer?
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