What happens when you write a check over $10,000?

Have you ever wondered what happens when you write a check for an amount exceeding $10,000? It's not as straightforward as it may seem. Banks are required by law to report large transactions, including checks, to the government for anti-money laundering and terrorist financing purposes. This means that writing a check over $10,000 could potentially attract the attention of financial regulators. But what does this mean for you, the check writer? Could it impact your ability to access funds or cause delays in transaction processing? Find out more about the implications of writing a check over $10,000 and what you need to know to ensure a smooth transaction.