Social Security Number in the US
..... like 0.1%, or high interest ..... 0.25%!
Oct 10th 2012, 4:33 am
#32
BE Irregular
Joined: Jan 2004
Location: Tampa Bay Florida
Posts: 4,849
Re: Social Security Number in the US
"Noted", for sure, but not "reported" - such a large transaction would/ should flag it for review by a bank (internal) compliance officer who reviews bank records and any available external reports, before determining whether the transaction(s) are suspicious, and filing the legally required (if determined to be suspicious) report. So, be sure to tell the bank of any large transactions you're expecting when you open the a/c - transaction documented as expected is much less likely to be reported as suspicious.
All of which is off topic.
Oct 10th 2012, 12:38 pm
#33
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: Social Security Number in the US
"Noted", for sure, but not "reported" - such a large transaction would/ should flag it for review by a bank (internal) compliance officer who reviews bank records and any available external reports, before determining whether the transaction(s) are suspicious, and filing the legally required (if determined to be suspicious) report. So, be sure to tell the bank of any large transactions you're expecting when you open the a/c - transaction documented as expected is much less likely to be reported as suspicious.
Oct 10th 2012, 6:57 pm
#34
Grumpy Know-it-all
Joined: Jul 2010
Location: Calgary, Alberta
Posts: 8,928
Re: Social Security Number in the US
OMG, I convinced the bank that they could use my credit history to identify me, they have sorted out my credit card. Miracles do happen.
Although to get hold of the right person I had to use Skype because their 800 number is blocked from Canada.
Although to get hold of the right person I had to use Skype because their 800 number is blocked from Canada.
Oct 10th 2012, 7:05 pm
#35
Grumpy Know-it-all
Joined: Jul 2010
Location: Calgary, Alberta
Posts: 8,928
Re: Social Security Number in the US
Here's a question absolutely nobody will know the answer to - I don't have to report US-source bank interest to the IRS (i.e. on a 1040NR), but if I have to file a 1040NR for some unrelated reason, do I have to include one of the copies of my 1042-S?
On the form (which is an IRS form, not a bank made-up form like the 1099s they often use) it has copy C, attach to any federal return filed, in the 1040NR instructions it says not to do it.
