You can take as much money as you wish to another country. However, there is a reporting requirement if you're carrying a large sum.
Currency Reporting Requirements
While there's no limit to the amount of money you can bring into or take out of a country, including by mail, it’s crucial to understand the reporting rules. According to the provided reference:
- Reporting Threshold: If you are carrying more than $10,000 in monetary instruments, you must report it to U.S. Customs and Border Protection (CBP).
- Monetary Instruments: This includes cash, checks, money orders, and other negotiable instruments.
- How to Report: You can report the funds using:
- The online FinCEN 105 currency reporting site.
- A paper copy of the Currency Reporting Form (FinCEN 105), which you can get from a CBP officer.
Example Scenarios
Here are a couple of scenarios to illustrate when you need to report your currency:
- Scenario 1: You're traveling with $9,500 in cash. No reporting is needed, since the amount is below the $10,000 threshold.
- Scenario 2: You're traveling with $12,000 in cash. You must report this to CBP by completing the FinCEN 105 form.
Key Takeaways
- No Limit: There isn't a legal limit on the amount of money you can take to another country.
- Reporting is Key: Amounts over $10,000 must be reported to CBP.
- Be Prepared: Use the FinCEN 105 form either online or in paper form at a port of entry if needed.
By adhering to these regulations, you can ensure a smooth passage through customs when traveling with significant amounts of money.
