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How many times can I take $10,000 into the USA each month?

Personal Finance & Money Asked by Hezrai Mejia on December 16, 2020

Ok so, I have money in my american bank account. I send it through western union to my mexican bank account. Then I go buy dollars at an exchange house. I do this to make a couple hundred dollars every time I do this, just as an extra money.

I travel to USA almost every week carrying no more than $4,000 dollars every time. Every time I go into USA I get asked how much money I have on me, I allways tell them with no problem whether I have 2, 3, or 4 thousand.

Yesterday, they took me into revision, asked me a lot of questions and made me fill in a Fincen 105 form which I read that it’s designed to declare more than 10,000 usd. I filled it in for the ammount of $3592. So, the officers never answered my question: How often can I bring $10,000 or less without having to report it? Is it every week?, is it every month? Is if every time I get into the USA regardless if I go in every day?

I felt that they made me fill that form that by law I was not required to do so. Can some one give me an answer? Thank you.

One Answer

Probably infinitely often, as there is no legal limit to bring cash in the US anyway.
If you carry more than 10000 US $ in cash, you are required to report it, but it is still legal. So instead of going a hundred times with 4k$, you could just take 400 k$ and tell them when you enter, and you'd be fine.

The limit is really to allow them to monitor very large amounts for legal possession and tax liability - as long as you can show that you legally own the amount, and paid due taxes when you made it, you can bring a billion in cash if you want.

Answered by Aganju on December 16, 2020

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