Hi.
Without getting into too much detail, I have saved up a few hundred thousand dollars in cash with the help of my mother over the last 20 years. My question is, can I just walk into the bank and deposit this into my bank account as I am interested in buying a house?
This money is just all saved money and no criminal activities have been committed. But I am worried that they may seize it and make me prove where the money came from, even though it is all legit. Just not sure how we could prove it as there really is no paper trail to saving money in a safe.
Without getting into too much detail, I have saved up a few hundred thousand dollars in cash with the help of my mother over the last 20 years. My question is, can I just walk into the bank and deposit this into my bank account as I am interested in buying a house?
This money is just all saved money and no criminal activities have been committed. But I am worried that they may seize it and make me prove where the money came from, even though it is all legit. Just not sure how we could prove it as there really is no paper trail to saving money in a safe.