Jul 24, 2019 · Due to a personal circumstance, I was unable to pay my bills for about 6 months and it took my credit score from a 720 to 520 (repo, charge-offs, and collections). I now have about 50k in the bank...

Mar 12, 2022 · Is there any difference when shorting stock under the following 2 brokerage accounts? $0 cash $50k in stocks $50k cash $0 in stocks Would you have to pay margin like longing a stock in scenario 1...

Sep 23, 2015 · Recently I was given 50k from my grandmother in her will. I am 23 years old and have no idea what to do with it. I make $33k a year. I have zero savings. I owe $35k in student loans over 6 years 0%...

Oct 28, 2022 · I am vaguely aware of laws regarding cash withdrawals for Depository Institutions (think regular consumer banks) in the U.S., namely that banks can place hold on transactions over $10k for up to two

Sep 10, 2023 · What's surprising about your story is that your bank accepted a $50,000 cash deposit at an ATM. Was it an ATM that belonged to your bank? Did you have to make several deposits (totaling $50K) or did the ATM accept all $50K in one swell foop?

Feb 4, 2021 · I want to give my brother a cash gift in the amount of $50,000 (he needs to make a down payment on a house he wants to get a mortgage for). It is my understanding that I don’t need to report the first $15,000.

May 5, 2012 · Cash transactions of $10,000 or over are, of course, reported to the IRS on Currency Transaction Reports. In short, a paper trail exists for some time even for cash transactions quite a bit smaller than $10,000.

Sep 10, 2016 · A non-cash transaction will not be a problem. The bank will have to fill out federal paperwork if there are large amounts of cash involved. This is to stop the underground economy. This can even extend to non-banks. If you were to walk into a car dealer or some other stores and hand them a bag of cash they will also report it. You can do what you propose without having …

Oct 10, 2024 · I currently have $50,000 in cash and am looking for a safe, low-risk place to invest it for a 3-month period. My main priority is to avoid any options that have a risk of losing money, as I want to

Feb 12, 2021 · If you have $25k cash in your account and the margin offered your broker is 50% then you have $50k of buying power (not $75k). At 50%, your broker will lend you an amount equal to the total of your cash and marginable securities.