Hi Autumn! It depends how the funds are received and the status of the account. All check deposits follow Regulation CC check hold guidelines so a cashier/bank check is available sooner than a regular check. However sometimes deposit are received electronically (by ACH or wire), Those are available immediately. You can also review our Funds Availability policy on our website: https://www.launchcu.com/go-beyond/privacy-policy/
Most likely yes and it will be reported to IRS since it is over $10k.
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