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BNY first to transfer $10 million over Clearing House RTP network
It was the largest U.S. transaction ever to instantly settle, following The Clearing House's new transaction ceiling that went into effect Sunday.
If You Deposit a Lot of Cash, Does Your Bank Report It to the Government?
Key Takeaways - If You Deposit a Lot of Cash, Does Your Bank Report It to the Government? Depositing $10,000 or more in cash means your bank or credit union will report it to the federal government.