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No formal limit. It's very much left up to the banks to determine what they consider suspicious and wish to report. They use lots of info, not just amount.

There are many methods of stimulating core deposits. These include: Enhancing convenience by offering increased access to ATM networks. Constructing additional bank branches.

Here's a shortlist to get started: Offer bonuses for signing up or referring people. Offer progressive rates depending on the amount in an account. Remove or eliminate overdraft fees. Give members free checks. Offer mobile deposits. Don't charge for transfers.

Banks must report cash deposits totaling $10,000 or more If you're headed to the bank to deposit $50, $800, or even $1,000 in cash, you can go about your affairs as usual. But the deposit will be reported if you're depositing a large chunk of cash totaling over $10,000.

A large cash transaction report must be submitted to FINTRAC when a reporting entity receives $10,000 or more in cash in the course of a single transaction, or when it receives two or more cash amounts totalling $10,000 or more made within 24 consecutive hours by or on behalf of the same person or entity.

Newspapers, magazines, direct mail, TV and radio, and billboards are great marketing tactics for banks to help boost awareness, response rates, and visibility.

Depending on the situation, deposits smaller than $10,000 can also get the attention of the IRS. For example, if you usually have less than $1,000 in a checking account or savings account, and all of a sudden, you make bank deposits worth $5,000, the bank will likely file a suspicious activity report on your deposit.

Yellen, however, said that if there's a contagious bank run, the Treasury would likely pursue an exception that would permit the FDIC to protect all depositors of the failed banks. This would be considered on a case-by-case basis, she told senators. Stocks turned lower on her remarks.

Offering high-interest checking products. Offering a checking account that provides a higher interest rate based on how long the account has been open. Lending discounts when loans are setup with an auto-pay checking account at your bank.

The Bank Secrecy Act is officially called the Currency and Foreign Transactions Reporting Act, started in 1970. It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service. For this, they'll fill out IRS Form 8300.

The IRS requires banks and businesses to file Form 8300, the Currency Transaction Report, if they receive cash payments over $10,000. Depositing more than $10,000 will not result in immediate questioning from authorities, however. The report is done simply to help prevent fraud and money laundering.

The most effective way to market for deposits is to target those customers that have excess liquidity in investment accounts and convenience these accounts that their short term and intermediate term balances are possibly best left at a bank.