The International Bank Account Number is a unique identifier helping banks process payments from person to person automatically. The IBAN contains all necessary information for the owner if a bank account such as the account number, bank and branch information and country code.
Quick Answer. Whether its one cash deposit of $10,000 or multiple transactions that add up to $10,000, cash deposits must be reported to the Internal Revenue Service (IRS) once they hit that amount if conducting trade or business. If cash deposits hit this amount, it must be reported to the IRS through Form 8300.
Transaction Limitations: Federal banking regulations limit you to six pre-authorized, telephone or online transfers to your other SunTrust Bank Accounts or to third parties. The limitation applies per month. If you routinely exceed these limitations, the Bank may close the account or convert it to a checking account.