100K in cash deposits, will it be suspicious?

[yellowsnow]

I would forget about all the forms and avoid the suspicion and questions. I would just make a series of small deposits until I had it all in the bank. Just start now. I would do 2K or so every couple weeks.

This is an odd situation and I would want to avoid anything that would drag mom and dad into possible trouble. Especially with the tax man.

[popham]

But what we have learned from this thread is that "a series of small deposits" is what triggers suspicion.

[yellowsnow]

Originally Posted by popham

But what we have learned from this thread is that "a series of small deposits" is what triggers suspicion.

No paperwork or special handling under 3K.

[golfgal]

Originally Posted by yellowsnow

I would forget about all the forms and avoid the suspicion and questions. I would just make a series of small deposits until I had it all in the bank. Just start now. I would do 2K or so every couple weeks.

This is an odd situation and I would want to avoid anything that would drag mom and dad into possible trouble. Especially with the tax man.

This would probably trigger an investigation before one larger transaction would.

[Tallysmom]

Originally Posted by yellowsnow

No paperwork or special handling under 3K.

Yes, but someone depositing 50 transactions of $2000 definitely would set off the alarm bells. Transactions are ALL computer based and the computers all have code written to catch these sorts of things.

[Spraynard Kruger]

Know your customer - Wikipedia, the free encyclopedia

Read it and weep.

[Elke Mariotti]

psychofan, I'd like to suggest that your parents get in touch with a local professional to figure out/plan on how to incorporate their "stash" into their regular account(s).
Your end has few if any complications - theirs does. This board - IMHO - is not the place to look for advice on how to protect them/their interest.