Concern with bank deposits

[spender]

Hi,
I have a question regarding bank transfers to neteller.
Over the past two months I transfered about $20000 from my bank account to neteller. All the transfers were fairly small ($500) and the most was $3000 in a day. Is this a "red flag" as far as banks/audit is concerned? I can verify all deposits made - and nothing was made in cash - but my concern is if a transfer to neteller is concidered like a transfer to a bank or a transfer to an off-shore bank which could be money laundering??
Has anyone here ever had to explain their transactions to anyone?
Thanks!

 

[wilheim]

Spender, welcome to The Rx. I hope you enjoy the site. I will put a copy of this post in our Financial Forum - you may get an answer there also.





Best of Luck, wilheim..

 

[Presto]

I am not an expert in this subject but I would guess large transactions like that in a short time period might raise some flags. Not by the bank but possibly by some federal bureuacracy. This is only a guess. However, if your account doesn't have any other abnormalities, I wouldn't worry about it.