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eclectic
Joined: 09 Nov 2006
Posts: 1122
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 Posted: Sat Jul 03, 2010 9:09 am Post subject: Max. amt. of cash you can carry.......? |
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this is a bit revisited but wholly and particularly relevant at this time.
Can a person board a flight with $25 thousand US in their pocket, and arrive in another country without any problems with NTSA/customs/etc., as long as they declared the exact amount theyre carrying on the customs declaration form?
Yes I know some will instead say why bother, its stupid/dangerous/risky, etc. yes I know it...... but is there a legal limit on this? Can a person empty their account in New York into a suitcase of $100 thousand US, and put proof of the ownership on the top of the heap i.e. their bank book showing the withdrawal? and arrive in Singapore or Delhi for example without a problem? |
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tttompatz
Joined: 06 Mar 2010
Posts: 1951
Location: Talibon, Bohol, Philippines
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| Posted: Tue Jul 06, 2010 6:30 am Post subject: Re: Max. amt. of cash you can carry.......? |
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| eclectic wrote: |
this is a bit revisited but wholly and particularly relevant at this time.
Can a person board a flight with $25 thousand US in their pocket, and arrive in another country without any problems with NTSA/customs/etc., as long as they declared the exact amount theyre carrying on the customs declaration form?
Yes I know some will instead say why bother, its stupid/dangerous/risky, etc. yes I know it...... but is there a legal limit on this? Can a person empty their account in New York into a suitcase of $100 thousand US, and put proof of the ownership on the top of the heap i.e. their bank book showing the withdrawal? and arrive in Singapore or Delhi for example without a problem? |
That would depend entirely on where you are going from/to.
In MOST cases there is no problem if you are carrying US currency or US denominated securities but there are MANY countries (most in SE Asia) that have limits on importing or exporting their own currencies.
The same holds true for carriage of precious metals - problems can arise.
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eclectic
Joined: 09 Nov 2006
Posts: 1122
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| Posted: Tue Jul 06, 2010 11:36 am Post subject: |
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| thx ttompatz I appreciate that info. IN fact I just called Malaysian Embassy and they said as long as you declare the amount of US currency on you, there is no limit. Good news. |
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KayuJati
Joined: 21 Feb 2010
Posts: 313
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| Posted: Tue Jul 06, 2010 7:33 pm Post subject: |
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| eclectic wrote: |
| thx ttompatz I appreciate that info. IN fact I just called Malaysian Embassy and they said as long as you declare the amount of US currency on you, there is no limit. Good news. |
Too bad....I was going to suggest that you send ME the money, and I will take care of it for you. Really...
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eclectic
Joined: 09 Nov 2006
Posts: 1122
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| Posted: Wed Jul 07, 2010 3:55 am Post subject: |
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| haha Kayu, is it OK to send some gold jewelry as well? Just can't fit it in my suitcase. |
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KayuJati
Joined: 21 Feb 2010
Posts: 313
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| Posted: Wed Jul 07, 2010 7:20 am Post subject: |
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eclectic,
I hope that you read the 'International House Malaysia' thread, because that is the job for you. Very good salary and benefits. |
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zootalaws
Joined: 19 Apr 2010
Posts: 46
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| Posted: Thu Jul 08, 2010 4:39 pm Post subject: Re: Max. amt. of cash you can carry.......? |
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| eclectic wrote: |
this is a bit revisited but wholly and particularly relevant at this time.
Can a person board a flight with $25 thousand US in their pocket, and arrive in another country without any problems with NTSA/customs/etc., as long as they declared the exact amount theyre carrying on the customs declaration form?
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you need to notify US customs at point of departure any amount $10,000 and above that you are taking out of the country.
Depending on your visa, places like Canada, United Kingdom, Australia, New Zealand, Japan, Philippines and Singapore would look at you suspiciously if you came in carrying that amount of cash. Typically, if you are travelling on a visitor visa, there is no need for such a large amount and they would suspect you have an ulterior motive.
If you were on a residence visa, there are so many more secure ways of carrying cash that such a large amount could ensure you get additional customs attention in other countries.
With the globalisation of banking, there is never a need to carry large amounts of cash, most banks would be only too happy to arrange a deposit/withdrawal for a modest fee. |
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eclectic
Joined: 09 Nov 2006
Posts: 1122
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| Posted: Fri Jul 09, 2010 1:50 am Post subject: |
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| hahaha, maybe so, but what if the irs has a lien on your US bank account? arent they going global now checking all offshore expat accounts? |
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zootalaws
Joined: 19 Apr 2010
Posts: 46
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| Posted: Fri Jul 09, 2010 11:56 pm Post subject: |
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| Not mine... |
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eclectic
Joined: 09 Nov 2006
Posts: 1122
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| Posted: Sat Jul 10, 2010 2:44 am Post subject: |
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| pls pm me with that very good bank so I can open one too. |
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MrMrLuckyKhan
Joined: 08 Feb 2008
Posts: 282
Location: Kingdom of Cambodia
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| Posted: Sat Jul 17, 2010 3:24 am Post subject: |
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also, make sure they allow u to take OUT that much cash too...  |
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zootalaws
Joined: 19 Apr 2010
Posts: 46
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| Posted: Mon Jul 19, 2010 9:59 pm Post subject: |
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| eclectic wrote: |
| pls pm me with that very good bank so I can open one too. |
The bank is not in the US, so not really much use to you, sorry.
A lien is usually in response to some form of irregularity, isn't it? |
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