I want to know if there is a limit as to how much you can put in any one bank because someone explained that there are some banks that can accept 100 million dollars and there are some that have a cap as to how much youcan deposit if so why and what kind of banks do and which kind dont accept large deposits.
International Law Attorney
Even modest amounts of cash will trigger reporting requirements to FINCEN and SARs (Suspicious Activity Reports). The issue is money laundering. However, large amounts can be negotiated with banks and are all the time.
Dr. Jonathan Levy
Brimstone & Co.