In the UK banks routinely demand from their customers detailed statements about "source of funds" if the customer makes a large deposit (over $100,000). Here is an example:
Will I face this same kind of interrogation in the United States if a large amount is wired into my account?
Please note that this is not a question about making a large cash deposit (which has been discussed, for example, in Would depositing large cash amounts cause problems) but about wire transfer of a large amount.
I recently received a wire of more than $150K into one of my accounts. (Both sender and receiver accounts are US banking institutions.) My bank never contacted me to ask any questions. However, on my statement I noticed a charge called "Analysis Service Charge". I called the bank to ask them about this charge and was informed it was due to internal analysis for the wire transfer. They did this behind the scenes without needing to contact me. I can only assume that their "analysis" did not turn up anything suspicious, and if it had, perhaps they would have contacted me.
I wouldn't worry about it even if you do receive a phone call and they ask a few questions. I'd advise to be completely honest; if you aren't doing anything wrong, you shouldn't have anything to worry about. Most likely they'd be calling you just to make sure you actually know about it and were expecting the money.
Most definitely all wire transfer above a significant amount would be flagged as a suspicious transaction. Nevertheless, as long you provide the Final beneficiary information (name and account number), the bank will process the remittance.
I won't think so. Too much trouble for the compliance and internal audit team. Unless you are moving money from Russia, Iran or those non-FATCA countries.
