<prompt> Human: Hi all!I currently have money in my savings account with Bank of America. I started my savings account with Bank of America because I didnt know any better and am a student, so I never thought about things like finding a savings account with the best rates or putting money in an IRA. I want to move all of it into a savings account at Ally for now, since they have 1 APR, compared to Bank of Americas measly 0.03 or whatever it is. Is it okay to transfer the whole sum at once? Or will that notify the bank and cause the IRS to audit me? Ive been reading online about how withdrawing large amounts of cash triggers notification of the bank. Should I transfer 5k at a time, over the course of several weeks? Or should I just go to a physical Bank of America and have them help me? Im not finding any good information online. If anyone could help me thatd be great and I would really appreciate it.Thanks a lot in advance!  <response>: Is it okay to transfer the whole sum at once? YesOr will that notify the bank and cause the IRS to audit me? The IRS doesnt audit checking accounts - the IRS cares about income, not moving your already-taxed money around. And its not a cash transfer, so no one will care, let alone know. If you do take out cash, a routine as in it happens hundreds of times a day currency transaction report is sent off, so theres some bit in some database that will flip. If youre not a terrorist, no ones going to anything. Then another bit flips when you deposit the money, so even if your name came up in some unrelated investigation, theyd see -30k here and 30k there. It will be obvious it was just a transfer.Ive been reading online about how withdrawing large amounts of cash triggers notification of the bank. It can, but note a transfer is not a withdrawal of cash you are switching between the two terms - are you transferring or are you withdrawing?. But again, it doesnt matter. People withdraw 10k in cash all the time. Should I transfer 5k at a time, over the course of several weeks? Jesus no, that is suspicious and can cause the bank to file a suspicious activity alert. Thats exactly what dumb drug dealers do - they smurf payments around, and obviously bank employees are trained and obligated to report such activity. 