I deposit large sums all the time. The bank has to fill out a form on everything over 10k.. I just tell them that I sold a tractor, which is true... Next week i sell one for 8k, that goes in too. Some times its two tractors and lots of dough goes in. sometimes its a small piece of equipment for $300. You dont need to fear it if it is actual business and you have paper work. Anything you hear otherwise is not norm as there are thousands of business that make weekly deposits in the 10s of thousands of dollars. You must have records. If you dont have records, you can get in a tight spot really quick with money laundering laws. I have withdrawals for all the equipment I buy and deposits for all the equipment I sale. But I do a "bill or sale", and a record in my books for my accountant and taxes.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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