Maximum amount of money allowed when immigrating into the U. S [closed]

My husband and I will be travelling to the U.S. as immigrants. Is there a limit in bringing in $ cash since we are migrating to the U.S.? Or it is the same amount ($10, 000) as for tourist? If so, is it $10, 000 - each for me and my husband?

Best Answer

There is no limit on bringing money with you - neither for tourists, nor for immigrants.

However, you will have to declare the money that you bring to the us. See this page by the US Customs & Border protection for details. The page also states that the threshold for the obligation to declare it is USD 10k per family travelling together.

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How much money did you have to have to be able to enter into the United States?

International travelers entering the United States must declare if they are carrying currency or monetary instruments in a combined amount over $10,000 on their Customs Declaration Form (CBP Form 6059B) and then file a FinCEN Form 105.

What happens if you bring more than $10000 into us?

If you bring more than $10,000 USD you have to notify customs and fill out a Report of International Transportation of Currency and Monetary Instruments (FinCEN 105). It's very important to know that this means any form of cash that equals $10,000 USD.

What happens if you declare more than $10000 Canada?

The CBSA has the authority to seize all currency and monetary instruments if the entire value is not reported. They may be returned after a penalty is paid. Penalties range from Can$250 to Can$5,000.

How much cash can you legally carry UK?

Taking cash in and out of Great Britain You must declare cash of \xa310,000 or more to UK customs if you're carrying it between Great Britain (England, Scotland and Wales) and a country outside the UK.

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Answer 2

This can be tricky situation. Anything more than 10k needs to be declared and will likely result in a lengthy conversation with the customs agent. During this conversation you will be asked what your intentions are: what do you want to do with the money, and what are you thoughts about immigration. The last question needs to be answered very carefully or you may be declined entry. The right answer depends on what your actual intentions are and how far along you are in the process (if applicable). I would strongly recommend consulting an immigration professional on this

Although it's tempting to just hide it in the diapers, it is NOT a good idea to try smuggling it in. Any large cash transaction in the US gets reported to the IRS or treasury anyway, so there is a high likelihood that someone will find out and than you are in serious trouble.

Example: we brought in a decent amount of cash to buy a car. We declared it properly at entry (and endured the examination). When buying the car using the cash, the dealer had to report the cash transaction including the source of the money. Since we had declared it properly, we just said "brought in from different country". Otherwise that would have been difficult.

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