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It restricts how much money you can put into your account in a selected period. This means you are always in control of your money. For example, if you select 100 a week, once you have deposited 100 you will not be able to deposit again until the following week. A cash deposit of more thanR$10,000 into your bank account requires special handling. The IRS requires banks and businesses to file Form 8300, the Currency Transaction Report, if they receive cash payments overR$10,000. Depositing more thanR$10,000 will not result in immediate questioning from authorities, however. |