Trying to avoid government reports by splitting a large cash deposit into smaller ones can get you in serious trouble. Here's ...

The use of cash for transactions have slowed down over the years since the COVID pandemic hit in 2020 with people turning to card payments and digital transactions instead. The use of cash for ...

Transactions over $10,000 trigger a currency transaction report under the Bank Secrecy Act. Structuring deposits to avoid reports can still alert banks and lead to a possible suspicious activity ...

Cash basis accounting records when cash actually changes hands in a transaction, providing a real-time view of your financial position that reflects the actual cash flow of a business or individual.

Electronic cash refers to a broad category of money that exists solely in digital form and can be used to facilitate peer-to-peer transactions electronically. Unlike e-money, which typically involves ...