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Thread: Will Moving More Than $10,000 by ACH Trigger a CTR

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    Will Moving More Than $10,000 by ACH Trigger a CTR

    Assume someone transfers more than $10,000 from their checking account to the brokerage account by ACH over the internet. Will this be reported as a CTR transaction?

  2. #2


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    Unfortunately yes. Bank software is designed to automatically report any transactions that is more than $10000. What's worse is they are not required to tell you that they have created a CTR filling unless you ask them for it directly. On top of that the trigger is not based on one transaction most of the time they are triggered based on the combined transaction in one day to one location.

    Why do you need to evade a CTR report for a brokerage account?

  3. #3
    Random number herder Norm's Avatar
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    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    That's not a currency transaction. CTR's are for currency.
    "Croyez ceux qui cherchent la vérité, doutez de ceux qui la trouvent." --André Gide

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    Quote Originally Posted by Norm View Post
    That's not a currency transaction. CTR's are for currency.
    Agree.

    If you declare your income and pay your taxes, CTRs are meaningless.

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    Norm your right. My bad I didn't read the ACH part of the sentence from Midwest. Though 10K is very high for an ACH transaction which might trigger a SAR though.

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    Random number herder Norm's Avatar
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    Nah. There are a vast number of SARs automatically pumped out each night by banks. But, this is too trivial and common; unless your bank just reports everything.
    "Croyez ceux qui cherchent la vérité, doutez de ceux qui la trouvent." --André Gide

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    Fair enough. My only excuse is I'm from Malaysia and we don't have an ACH network in place for our banks here so I'm not too familiar with all the different financial institutions in the US.

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    Random number herder Norm's Avatar
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    IIRC, Malaysia banking is interesting due to the secrecy between spouses required by the fact some people have four wives.
    "Croyez ceux qui cherchent la vérité, doutez de ceux qui la trouvent." --André Gide

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    Super rare nowadays. Cause the Shariah court in Malaysia is very strict when they give permission one of the requirements is they must financially be able to sustain the wives.

    Though my Grandfather who is Chinese had 3 wives. But this was before Malaysia became a sovereign nation in 1957.

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    Quote Originally Posted by WiraGames View Post
    Super rare nowadays. Cause the Shariah court in Malaysia is very strict when they give permission one of the requirements is they must financially be able to sustain the wives.

    Though my Grandfather who is Chinese had 3 wives. But this was before Malaysia became a sovereign nation in 1957.
    Though my Grandfather who is Chinese had 3 wives.
    Guess it broke the monogamy of the situation

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