Re: Buying A Boat
You can deposit a check in any amount without Fed notification, cash over $10K gets reported but you can walk in one day and deposit $5k and the next day another $5k without any issues. Heck you can deposit $9k a hundred days in a row if you want.
The $10K limit was to stop drug dealers and others involved in illegal activities from depositing many 10's of thousands at once.
There is no need to