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Taxes and Surcharges on Deposits

If I deposit $10,000 into my account in one month in multiple checks, will I be charged with taxes or surcharges? If I pay $10,000 in one month in paying off a loan will I be charged with any taxes or surcharges?

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We aren't aware of any U.S. or state tax that would apply to those situations. Contact your bank to determine whether it would impose any fees for the transactions.

Published on BankingQuestions.com 5/21/08