Which amount triggers a Currency Transaction Report (CTR) filing for currency transactions?

Which amount triggers a Currency Transaction Report (CTR) filing for currency transactions?

• A. $1,000
• B. $10,000
• C. $100,000
• D. $50,000

Answer: (B)

Cash transactions are reported when the total involves ten thousand dollars or more in a single day, or when a group of related transactions in a 24-hour period pushes the total to that level. That ten thousand-dollar threshold is the point at which a Currency Transaction Report must be filed under the Bank Secrecy Act. So the amount that triggers the CTR is ten thousand dollars. Transactions below that amount don’t require a CTR, while transactions above it would also require reporting.

Cash transactions are reported when the total involves ten thousand dollars or more in a single day, or when a group of related transactions in a 24-hour period pushes the total to that level. That ten thousand-dollar threshold is the point at which a Currency Transaction Report must be filed under the Bank Secrecy Act. So the amount that triggers the CTR is ten thousand dollars. Transactions below that amount don’t require a CTR, while transactions above it would also require reporting.