Colin Ormsby

I'm not 100% sure on this, but I was in the US a couple weeks ago, and while
waiting to board, I read and re-read the notice about this... I don't think
it's a case of only being allowed $10,000, I think you just have to declare
it if it is more than that. I would expect (based on common sense, not on
any information) that if you can justify bringing more that this amount, it
wouldnt be a problem....

Colin
"Cdn Chick" wrote in message
news:[email protected]...
    > Has anyone coming thru the POE had them ask questions re: how much money
    > you're bringing with you? I know that the INS doesn't care how much money
    > we have .. but, I've heard (and read on the US Customs site) that they
will
    > only allow $10,000 US to come across.... I'm about to sell my house, so,
    > I'll have quite a bit more than that.
    > AND - if I "give" that money to my fiance to put in a bank acct ... would
he
    > have to claim taxes on it?
    > Anyone?

Cdn Chick

No, I totally understand about the exchange rates, and I had no intention of
bringing my Canadian dollars into the US!! My maid of honour works at a
bank .. so, I get her "really good" exchange rate AND free drafts!!


"ukemigrant" wrote in message
news:[email protected]...
    > Originally posted by Cdn Chick
    > > Hmm - does anyone know where I might find those forms online? Or
    > > would my
    > > bank have them?
    > > Don't want to wire any money as I'm told it costs too much ..
    > > so, would
    > > rather take a bank draft.
    > >
    > >
    > > "Duran" wrote in message
    > > news:[email protected]"]news:b6a878$i4q@dispat-
    > > ch.concentric.net[/url]...
    > > > > Has anyone coming thru the POE had them ask questions re: how
    > > much money
    > > > > you're bringing with you? I know that the INS doesn't care
    > > how much
    > > money
    > > > > we have .. but, I've heard (and read on the US Customs site)
    > > that they
    > > > will
    > > > > only allow $10,000 US to come across.... I'm about to sell my
    > > house,
    > > so,
    > > > > I'll have quite a bit more than that.
    > > > > AND - if I "give" that money to my fiance to put in a bank
    > > acct ...
    > > would
    > > > he
    > > > > have to claim taxes on it?
    > > > > Anyone?
    > > > You are allowed to bring in any amount of money you want to,
    > > just that if
    > > > that amount is over $10,000.00 (or is it over $9,999.99) you
    > > have to
    > > report
    > > > it that is all. That is the only difference. Under 10 grand,
    > > you walk
    > > > through customs without reporting anything, over 10 grand you
    > > are required
    > > > to fill out forms.
    > Hi, it's not so much that the act of wiring money costs too much per se,
    > but the currency conversion which gets you. This would be the case even
    > with a bankers draft. I've been through this myself, and it works
    > roughly like this:
    > All exchange rates are for example only!!!
    > Say you want to bring 20k GBP into the US. The official rate is $1.5
    > per GBP. You won't get this rate, you'll get $1.45 per GBP unless you
    > are transferring very large amounts, or can find some decent currency
    > broker. So your 20k GBP becomes $29000. If you could have got the
    > official rate, you would have got $30000, so this little operation has
    > cost you $1000 in currency charges.
    > Now the bank in the UK will charge you 25 GBP to carry out the transfer,
    > and the bank in the US will charge you $40 or thereabouts to carry out
    > their end of the transaction.
    > Regardless of whether you are wiring the money or getting a bankers
    > draft, you will have to convert your money from GBP to $. The closer
    > you can get to the official rate the better.
    > As you can see the bank charges are irrelevant compared to the
    > currency charges.
    > If you look at it in this way, you'll probably come to the conclusion
    > that you can save yourself a lot of hassle by just wiring the money
    > over later.
    > Needless to say, that's what I did.
    > Sam.
    > --
    > Posted via http://britishexpats.com

Ron

Your U.S. bank may not allow you to access the money for as long as 2 weeks.
Confirm with your bank if you anticipate an immediate need for the money.


"Cdn Chick" wrote in message
news:[email protected]...
    > Thanks!
    > That definitely looks like the one!
    > The less time I have to spend at the POE - the better!!
    > "OP" wrote in message
    > news:[email protected]...
    > > "Ron" wrote in message
    > > news:[email protected]...
    > > > I don't know about a personal filing, but your bank is required to
file
    > > when
    > > > you deposit $10,000 or more in cash.
    > > > >
    > > > "Cdn Chick" wrote in message
    > > > news:[email protected]...
    > > > > Hmm - does anyone know where I might find those forms online? Or
    > would
    > > my
    > > > > bank have them?
    > >
    > >
    > > http://www.customs.ustreas.gov/
    > >
    > > has forms at
    > > http://www.customs.gov/xp/cgov/toolbox/forms/
    > >
    > > Looks like 4790 might be the one.
    > >
    > > --
    > >
    > >

L D Jones

Colin Ormsby wrote:
    >
    > I'm not 100% sure on this, but I was in the US a couple weeks ago, and while
    > waiting to board, I read and re-read the notice about this... I don't think
    > it's a case of only being allowed $10,000, I think you just have to declare
    > it if it is more than that. I would expect (based on common sense, not on
    > any information) that if you can justify bringing more that this amount, it
    > wouldnt be a problem....

There is no need to justify the amount, all you have to do is declare
it, AFAIK.