Suffer heavy punishment+imprisonment
Wu, a student studying in China, complained that in the past two months, her credit card has been stolen frequently, and almost every week, there are stolen bills! She felt terrible and quickly contacted the bank to report the loss of her credit card. The bank told her to return the money first and verify it clearly. However, a few days ago, she received a letter from the bank asking her to withdraw all the money from her account in the near future. The bank decided to close all her accounts! This shocked Mr. Wu, who constantly reflected on what he had done wrong, causing the bank to be merciless.
The flustered classmate Wu checked online and found that the reason may not be that the bank card was stolen, but that she would deposit at least 20 thousand yuan in her account almost every three or four months, which attracted the attention of the bank! Wu Shuo, she goes back to China every spring break, summer vacation and Christmas, and sometimes she goes to school in summer vacation. Before and after the summer vacation, she will also return to China. Every time she returns to the United States, she will bring cash and deposit it in a bank account, almost all of which are more than 20,000 dollars.
In fact, most international students and new immigrants who frequently travel to and from China and the United States will choose this way: bring a lot of cash to the United States. First of all, it avoids the formalities and troubles of international cash transactions. Second, "It's not easy to return to China, so bring more at once" is also the psychology of many people in China. Anyway, it seems reasonable and reassuring to leave cash in your account for daily consumption. But what's wrong with Wu's move? !
And the problem seems to be 20 thousand yuan!
According to the federal law of the United States, if the deposit and withdrawal amount exceeds US$ 654.38 +00,000 yuan, a "currency transaction report" must be submitted to the Ministry of Finance to avoid reporting, and the maximum penalty is 654.38+00 years in prison!
Therefore, Wu's frequent large deposits and failure to report them will make banks think that they are suspected of money laundering. This seems to be an important reason why the bank closed all his accounts.
Reasonable evasion was also sentenced.
Then just follow the rules and pay attention to the upper limit? But seemingly reasonable withdrawals are also punishable!
A business owner in Missouri withdrew 65,438+08 deposits in five months. Most withdrawals are made for several days in succession or only a few days apart, and each withdrawal is less than $65,438+$00,000. He confessed to the bank staff that he deliberately withdrew no more than $6,543,800+to avoid filling in the currency transaction report. In the end, he was arrested on the charge of knowingly filling in the threshold of currency transaction report, but deliberately evading this declaration requirement, and faced the maximum imprisonment of 10 years!
According to previous cases: withdrawals are made more than 3 times a week, and each time the amount exceeds 1000 USD. In this case, your account is easily targeted by the IRS!
It is risky to deposit huge sums of money.
Withdrawals are strictly controlled, and the deposits in your account are always unattended, right? But American imperialism is still such a magical country:
An Asian shopkeeper in Illinois divided a large sum of cash into several small deposits to avoid federal declaration. From 20 14 to 20 15, thousands of dollars in cash were deposited into the account of Bank of America every few days, and * * * was deposited 64 times, almost every time it was 3,000 yuan, totaling about190,000 yuan.
It is absolutely legal to deposit less than $65,438+00,000, but it is illegal to deliberately deposit huge sums of money to avoid the supervision of the IRS! Waiting for him is a fine of nearly $35,000, six months of family imprisonment and five years of probation.
The Bank Secrecy Law stipulates that if within 30 days, the bank suspects that depositors intend to deposit no more than US$ 65,438+00,000 at a time, which may involve money laundering, tax evasion or other criminal activities, the bank must also submit a suspicious activity report to the IRS.
Pay attention to the word "suspicion" mentioned in the bill. If the IRS suspects, they will take action. Once the property is confiscated, it is extremely expensive to get it back, so many people simply give it up. * * * often take the initiative to reconcile without finding more evidence, but it must be conditional. Because the cost of suing the federal government is too high, many people have to bear it.
Since 2007, more than 600 taxpayers have been confiscated as much as 43 million yuan for "split access". The phenomenon of "huge zero deposit" is quite common among Chinese Americans, but it will be targeted if you are not careful. Therefore, we must pay attention to mastering the correct deposit skills!
Safe deposit law
1. Each deposit is less than $2,000 in cash, and small deposits are not more than four times a month.
2. If there is more than $65,438+0,000 in legal cash to be deposited, directly tell the bank and deposit it after filing.
Try to deposit by check.
4. Go to the post office to buy cash check drafts, which are divided into domestic cash checks and international cash checks. There is no expiration date. If you lose it, you can reissue it. The maximum denomination of American cash checks is $65,438+0,000, and each check is charged $65,438 +0.6-2. However, the maximum denomination of international checks is $700, and each check is $4.75. You can send an international check to anyone in the world and cash it at a local bank.
Never bring cash into America like this!
Confiscation or even sentence
Apart from the "doorways" for depositing and withdrawing money, some China people may violate the rules by bringing cash into the country!
There is a saying in the Chinese community that "many hands make light work". What a person can't do, many people work together in Qi Xin and Qi Xin to "pass the customs" smoothly. Because of the regulations of the US Customs, it is necessary to declare if you bring more than 1 10,000 US dollars into the customs. In order to avoid the trouble of declaration, China people will think of splitting up large amounts of cash and letting relatives and friends of their peers help them carry them across the border. This is not only "unworkable" when going through customs, but the hard-earned cash may even be confiscated.
Mr. Hong's family suffered a tragic experience of "getting an American visa but not passing the US customs". In June, Mr. Hong came to the United States with his father and brother, and the three of them brought $30,000. Knowing that entering the United States requires honest declaration, when I filled out the declaration form on the plane, I did check "Do you carry more than 6,543,800 yuan?".
When asked by an official about the amount of money brought in, his father explained: "Three people brought an average of 654.38+100000 yuan." However, when the customs officers searched the parcel, they found 30 thousand yuan, so they were finally labeled as "dishonest" and all 30 thousand yuan was confiscated.
Many people will wonder why this $30,000 should be confiscated in full when filling out the customs declaration form. ! Is there really an upper limit for carrying cash?
It turned out that this collided with a new policy officially announced by CBP US Customs and Border Agency recently: it is strictly forbidden to bring excess cash/checks into the country! This can also explain why China people who come to China together like Mr. Hong are easily confiscated of cash ~
Specific provisions of the policy:
? No upper limit: there is no upper limit on the amount of cash/checks brought in and out of the United States.
? Personal entry: If you bring more than $654.38+00,000 in cash, you need to declare and fill in FinCEN 105.
? Multi-person entry: multi-person group entry. If the total amount of cash/check carried exceeds 000, it is necessary to declare and fill in FinCEN 105 form.
? Non-disassembly: in the case of multiple people entering the country together, it is not allowed to disassemble the cash/cheque to multiple people in the team to "reduce" the carrying amount and avoid declaration.
? Excessive confiscation: if you fail to declare the carrying amount of more than 000, you may face full confiscation and even accept legal punishment.
In order to make everyone better understand, official website of Customs also cited an example:
If Xiao and Xiao B enter the United States together, Xiao carries 000 and Xiao B carries 000. In the eyes of the customs, they have 000+000=000 (declaration banks exceeding 000) to declare and fill in the FinCEN 105 form.
To put it bluntly, the US Customs only recognizes money, not people. As long as you carry more than $6,543.8+0,000, you must declare it. No matter how many people this $6,543.8+0,000 belongs to, and no matter what the relationship between people in the same industry is, you just don't want people to use them to declare more than $6,543.8+0,000. Seriously, prevent money laundering!
Those things are the most easily overlooked when you bring cash into the country.
More than $ 1. Ten thousand to declare, including ten thousand?
According to the regulations of US Customs, if you carry more than $65,438+00,000 in cash or banknotes with you, you must declare it when you enter the customs. Then the question is, if it happens to be 1 10,000 yuan, do you want to declare it? How about 9,999 dollars?
Sorry, at present, there is no explicit provision in the US Customs, and there is no similar case. However, customs officers may suspect that you are suspected of taking advantage of loopholes. For the sake of peace of mind, I suggest reporting.
2. Is it true that only US dollars can carry more than 10,000 RMB?
According to the regulations of the US Customs, it is not only the US dollar that needs to be declared when carrying cash, but also the currency of any country that is converted into more than US$ 65,438+US$ 00,000:
At the current exchange rate:
65,438+0,000 USD = 65,983 RMB.
65,438+00,000 USD = 77,609 HKD.
65,438+00,000 USD = 8,965,438+08 EUR.
So please remember to exchange other currencies at the exchange rate of the day before entering the customs. In addition, customs officers will calculate the total amount of US dollars and RMB (or other currencies) when checking. As long as the amount exceeds $654.38 +0.00 million, all the money will be confiscated and there is no need to declare.
3. Do checks exceeding10,000 dollars need to be declared?
US Customs not only accepts banknotes, but also checks. Traveler's checks, cash checks, personal checks issued by others and negotiable securities carried by entry-exit personnel must also be included in $6,543.8+million, and those exceeding $6,543.8+million must be declared.
What should I do if I want to bring a lot of cash into the country?
1. Truthful declaration-Guide to completing customs declaration forms
Step 1: Please tick "Yes" in the US Customs Declaration Form 13.
Step 2: Fill in the financial EN 105 form.
According to the regulations of US Customs, if the total amount of cash or cheque you carry exceeds 000 pounds (US dollars or equivalent foreign currency, or a combination of the two), you are required by law to fill in the form FinCEN 105 (formerly Customs Form 4790) and submit it to the Customs and Border Protection Bureau.
: fincen.gov/forms/files/fin 105_cmir.pdf
I don't want to bother to declare, but what should I do if I want to bring a lot of cash?
A. Domestic UnionPay debit card → direct withdrawal
When you arrive in the United States, find an ATM with the UnionPay logo. Both Citigroup and China Trust can withdraw US dollars directly at the current exchange rate.
Advantages: It avoids the trouble of domestic exchange, and it is lower than the domestic exchange rate and more cost-effective.
Disadvantages: a certain handling fee is required, and different bank cards have different handling fees. Please consult the bank for details.
B. Open an account after arriving in the United States → transfer money
You need to bring a passport and identification documents, which can be a domestic ID card or a driver's license.
Advantages: With American bank cards, you can spend money in more places. Because some places don't accept China UnionPay cards.
Disadvantages: Remittance banks will charge 3% international remittance fee, the telegram fee is 150 per copy, and the receiving bank will also charge 10.
Tip: You'd better cancel your account before you leave the United States, otherwise the small account will be charged a management fee. If it is not used for more than half a year, the account will be frozen and the balance will not even be recovered. If you buy insurance in the United States, you should keep the account renewal premium.
C. Dual-currency credit card → cash withdrawal
Dual-currency credit cards can withdraw cash, but the handling fee for cross-border cash withdrawal is very expensive, which is not an emergency and is unnecessary.
Advantages: Forget it, the dual-currency card is the most convenient. No need to transfer money, exchange foreign exchange and domestic RMB, and spend directly by credit card in the United States.
Never send money to America like this.
It is forbidden to "distribute foreign exchange" overseas
Since you have a lot of cash to declare, you must have thought of remittance tactfully, which greatly saved the trouble of declaration. But I still can't bear to tell you: remittance is not that simple!
Mr. Wang from Shanghai is going to invest and immigrate to the United States. Last week, he transferred 330,000 RMB to his relatives' accounts. After the bank exchanged money, the latter was told by the counter staff that the money could not be remitted abroad. The reason is that "the money arrived a few days ago and must be remitted immediately after exchange." Obviously it was changed on behalf of others. "
The reason is that in June 5438+ 10 this year, the China Administration of Foreign Exchange issued a new "split ban": the maximum amount of foreign exchange purchased by China citizens in China is 50,000 US dollars per person per year.
What should I do if I want to remit more than 300 thousand? Can I find six people to buy foreign exchange and remit money separately? !
Unexpectedly, the foreign exchange bureau with more resources issued a ban on "dismantling foreign exchange" in June 5438+ 10 this year, which filled the "loophole" of many people buying foreign exchange! There is also a "blacklist", and violators will not be able to enjoy the foreign exchange quota of $654.38+million for two years.
"Split remittance" defined by SAFE:
? Five or more different individuals remit foreign exchange to the same person or institution abroad after purchasing foreign exchange on the same day, every other day or for several consecutive days;
? Individuals withdraw foreign currency cash close to the equivalent of $65,438+0,000 yuan from the same foreign exchange savings account for more than 5 times within 7 days;
? The same person transfers the deposits in his foreign exchange savings account to more than five immediate family members, etc.
What should I do if I need a large remittance urgently?
Originally, in order to cope with the decline of RMB, a large number of overseas students were injured by accident, or people who needed large amounts of overseas funds such as buying a house, immigrating and investing. If you really need a lot of money, is there really no way? !
? One-time large remittance
Safe is still reasonable, and it needs to bring ID cards and related materials to the bank to purchase foreign exchange in large quantities. To put it simply, paying college tuition fees will bring the school notice, and buying a house overseas will bring proof such as real estate license. Please refer to official website of the State Administration of Foreign Exchange for specific materials:
Generally speaking, the purpose of setting this upper limit is to prevent money laundering. If your money has a reasonable source and destination, and provide sufficient information to prove it, you can ignore the "remittance limit of 50 thousand yuan" ~!
? Multiple small remittances
If you want to avoid the trouble of providing materials, you can only choose multiple small remittances. It should be noted here that in China, you need more people to send money, and each person sends $50,000. Payees in the United States should also open more accounts in the United States to avoid a large amount of money flowing into the same account, which will attract the attention of * * * *. It is best to remit money directly from the account in China to the account of the payee in the United States. Don't remit money to other accounts in the United States before transferring it to the payee's account.
Remittance from China → legal and economic channels in the United States;
Fee composition: remittance bank fee+telegram fee+intermediary bank fee+remittance bank fee. If you remit money, there will be no telegram fee.
1. T/T (excluding intermediary bank charges):
Telegraphic transfer can choose a reasonable bank and avoid intermediate bank charges.
The center of global dollar clearing is in new york. Because both Bank of China and China Merchants Bank have new york branches, there is no need for an intermediary bank to remit money from these two banks to the United States, and the intermediary bank fee can be completely exempted.
? China Merchants Bank: golden sunflower card users of China Merchants Bank are free of all remittance fees, and the fee is 0. Merchants bank card gold card users, then the handling fee is 50% off.
? If there is no China Merchants Bank in domestic cities, the handling fee of China Bank is the lowest among all banks.
Tip: China and the United States are both big banks, so there is little or no need for intermediate banks.
Two. Remittance (free of telegram fee):
One advantage of remittance is that you don't need to charge for telegrams, and the handling fee of China Bank is the lowest, so integration is the cheapest.
However, the remittance needs to be carried or mailed to the United States manually, and the registration fee is about 10 RMB. Please consult your local bank for details.
Three, UnionPay dual currency card (free of all remittance fees):
Applicability: Use China UnionPay card to withdraw money from American ATMs.
Advantages of UnionPay dual-currency card:
? There can be 1 main card with 4 pairs of cards, which can realize fast remittance in different places.
? There is no handling fee for deposits.
? There is no handling fee for debit card consumption in the United States.
American withdrawal fee:
Most American banks charge fees ranging from $2 to $5.
? PNC Bank: Free of American handling fee.
? Citibank: No U.S. handling fee, or just $2.
? Wells Fargo in some areas: free of US handling fees.
Chinese handling fee for withdrawal:
Most domestic banks charge about 15 yuan RMB for each transaction, or charge a certain percentage of the amount.
? Huaxia Bank, China: China handling fee is exempted for daily 1 transaction.
? Citibank (China): The second payment every day is free of China handling fee.
Tip:
? China Huaxia bank unionpay card+American PNC bank ATM withdrawal = the first payment every day is completely free (China and the United States do not charge any handling fees).
? China Huaxia Bank's UnionPay card/Citigroup (China)' s UnionPay card+American Citibank's ATM withdrawal = the first payment every day is completely free (or only $2 in some places).
Fourth, fast remittance (15 minutes)
Vestlen
Individuals who handle this business in China Post or China Agricultural Bank fill in the remittance slip and pay a certain handling fee. It only takes 15 minutes for the payee to collect the remittance at any Western Union remittance agency outlet in the world.
MoneyMoney
Individuals who handle this business in ICBC, Bank of Communications or CITIC fill in the remittance slip and pay a certain handling fee. It only takes 15 minutes for the payee to collect the remittance at any Qianke agency outlet in the world. If 1000 USD is remitted to the United States, the remittance fee will be 15 USD. If you like this article, please share it and let more people see it!