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Say you're 17 and you get 5k cash what happens?
This is hypothetical I was just curious, so say like you get 5k like from a duffel bag on a subway or say illegally. What would happen. Your bank account would be under your parent's name. And it would be suspicious to your bank if you suddenly deposited 5grand in your bank account.
6 Answers
- 2 weeks ago
Youre 17 and still have a bank account with your parents signature? Also, banks could care less how much you deposit. $5,000 is nothing to them. I have more than $5,000 deposited every month.
At 17, you should be able to go to a bank and open your own account. Do it!
PS: By law, the bank must contact IRS and provide accompanying documents for any deposit over $10,000. So you may deposit up to $9,999.99 with no questions asked.
- Anonymous2 weeks ago
Put it in a plastic bag and hide it in your dirty laundry basket.
Or put it in some old smelly trainers
The smell will repel robbers
- jamesLv 42 weeks ago
You hang with Mat Gatez he has a lot of 17yr old girls around him all the time .
- ?Lv 62 weeks ago
You have to turn it into the police and if nobody claims it in 30 days, it's yours (y'lls).
- Anonymous2 weeks ago
Then, my drug dealer and the local hooker would be very happy.
- Anonymous2 weeks ago
When I was 17 and got a similar sized inheritance from my grandmother, my dad told me if I invested it in stocks, he would match it with another 5k. And then he taught me how to invest. And now I'm a multi-millionaire at the age of 49.
If you get 5k in the way in which you describe, some flunkie thug is going to hunt you down. Someone is responsible for that money and they really don't want to lose their fingers or knee caps.