Friday, March 12, 2010

What is the highest limit of money in US$ is an individual allowed to carry on him/her when entering the USA?

Are minors (under 18 years) also allowed to carry money on them when entering the United States of America even if accompanied by adults. If yes, how much can a minor carry on him/her?

What is the highest limit of money in US$ is an individual allowed to carry on him/her when entering the USA?
Check this out.





There is no limit on the amount of money that can be taken out of or brought into the United States. However, if a person or persons traveling together and filing a joint declaration (CBP Form 6059-B) have $10,000 or more in currency or monetary instruments, they must fill out a "Report of International Transportation of Currency and Monetary Instruments" FinCEN 105 (former CF 4790).





If assistance is required, a Customs and Border Protection (CBP) officer can help with filling out the form.





Please be aware, if persons traveling together have $10,000 or more, they cannot divide the currency between each other to avoid declaring the currency.





For example, if one person is carrying $5,000 and the other has $6,000, they have a total of $11, 000 in their possession and must report it on a FinCEN 105. If a person or family fails to declare their monetary instruments in amounts of over $10,000, their monetary instrument(s) may be subject to forfeiture and could result to civil and criminal penalties.





The FinCEN 105 can be obtained prior to traveling or when going through CBP.


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