Banking

What is structuring?

Structuring is an illegal act defined by the Internal Revenue Service (IRS) as “the practice of conducting financial transactions in a specific pattern calculated to avoid the creation of certain records and reports required by the Bank Secrecy Act (BSA)…

U.S. Bank providing up to $600 in account bonuses

U.S. Bank is offering customers up to $600 for opening a new U.S. Bank Smartly Checking and U.S. Bank Standard Savings account and completing required activities for each account. Customers will receive up to $400 after opening a U.S. Bank…