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Comment by monocasa | Hacker News Reader

Meanwhile the USAA app told me one time that the amount I was trying to move one time would be subject to additional regulations and suggested breaking breaking up the transfer.

It felt like if Clippy had an addon to it's expert system from Saul.

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Suggested breaking up the transfer to evade regs? Isn't that felony structuring? LOL

Not if you are doing legitimate transfers. I had to move money from trading account and had to do it over multiple days due to limits. It’s my money moving from one account to another. Zelle also doesn’t allow you to move more than certain amount. Probably for protection reasons.

Account transaction limits are different than reporting limits.

INAL, but just to give one more example. If you're depositing >$10k cash into a bank, you (or your bank) have to report that to the IRS. If it's legally acquired, that's fine. However, breaking that same transition up into multiple transactions in order to avoid this reporting requirement is called "structuring," and it's a felony, even if the money was totally legitimate.

=> https://www.mybanktracker.com/checking/faq/rules-deposit-100...

But that's Actual Cash.

Moving $20k fully electronic (eg:ACH) doesn't have that requirement.

But lots of systems have limits based on risk windows.

Yes, for example real time NACHA payment event streams are actually windowed by periods governed by each transaction's exposure to risk and corresponding risk classification windows.

Structuring is still a crime if there is a legitimate reason for the transfer

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