No. The bank will do the reporting for you. Why do you need to withdraw that much in physical cash?

You talking cash dollar bills?

Yes

For an event abroad.

Bank is required to do the reporting for you.

Why do you need to move that much currency? Get a check or bank check.

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I don’t know if bank checks work everywhere because some countries use cash more than bank.

Don't forget to declare it at Customs.

Can you please explain more about that?

If traveling you will get into travel declaration requirements with customs. I'd look for alternatives besides traveling with large amounts of cash.

Only if cash is in play. Here are some examples if the loan is at a different bank from your regular bank:

• Bank A (loan) is withdrawn in cash of 10k or more - would need to be reported. Then you deposit the cash in bank B (your bank) of 10k or more - needs to be reported.

• Bank A (loan) is transferred to Bank B (your bank) - no report. Then you withdraw 10k or more in cash - needs to be reported.

• Bank A (loan) is transferred to Bank B (your bank) - no report. Then you transfer or write a check for 10k or more to do whatever you need - no report.

Reporting doesn't matter unless you're doing something illegal though. So if it's just buying something and you think it's better to pay with cash - you're likely fine. If you are doing something illegal, shame on you.

Thank you.

When you enter a country you need to declare currency on hand above a certain amount. $10,000 certainly qualifies as requiring declaration

> When you enter a country

Or depart, in many cases

Okay, thanks!

That seems like alot of cash to travel with. Can you wire it to someone instead?

Why do you need to travel with that much cash though? That is a very bad idea, can’t you pay for whatever you’re paying for electronically? What is this event anyways that requires a $10,000 personal loan.

Wouldn’t wire and travel be the same in term of reporting?

From experience, no reporting because you’re likely not trying to hide money or do something dodgy. Governments don’t like cash, they can’t trace it. Wires they can trace.

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Pour one out for traveler's checks.

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Report to who?

IRS? No. It's not income. The bank will know where the money is coming from in terms of terrorism reporting rules, so it's not your problem. And then it's your money to do with as you please.

That might be personal for OP, but I know someone who adopted a baby from China who had to bring cash with them to China to do so. It was nerve wracking for them. This was 15 years ago.

There are in fact many places in the world where cash is still king.

Yeah, but with a wire, you don't have to spend the length of an international flight freaked out about the amounts of cash you have strapped to your body.