international student le kati paisa khatama rakhan paucha maximum
hai guys,
one of my friends wants to save money for the university. so, he want to now what is the maximum amount of money a international student with F1 visa can keep in bank. i heard that the maximum amount is 10, 000 dollar.
but what would happen if it is more. because one of my friends told that if u have more than that u will get a notice from US government and they will ask u to find the source. tara university lai gas station bata saving garya paisa kata rakhne ta bank ma na rakhe. so my friends need some suggestion from u guys.
trust me...its infinite ;-)
ii think i doesn't matter unless you have thousands and thousands....so that it might make problem in tax purposes...may be...but i think it doesn't matter, I might not be right........any esperienced person who got noticeregarding this???
you can put any amount if you have source, where it came from.
tara source chaina bhane
gas station haneko source dhekhayera bhayena
is anyone who has put more than 10000 for more than one yers or more
Dude.. portfolio helps. open accounts in different banks. simple.or i can help u . my checkin account is hungry and a bitch....million nai deposit garne jasto kura bhayo ni bro...la la paisa save garna sake ta ramrai ho/...
i have heard that every people who has more than 10 thousand in bank account pay taxes for that money..when u will pay taxes it will come on ur record and we just scared that immigration can ask the source..but it doesnt matter coz we can show the source anyway...we can show it like we borrow it from someone...
i have heard that every people who has more than 10 thousand in bank account pay taxes for that money..when u will pay taxes it will come on ur record and we just scared that immigration can ask the source..but it doesnt matter coz we can show the source anyway...we can show it like we borrow it from someone...
you guys talked about tens and hundred thousands of dollars in your savings..................
here i am pennyless.
sigh.................
Answer to your question: > There is no restriction to how much money you can have in your bank account. You can have as much money in it as you want. Many colleges have tuitions that cost $20,000 per year. Technically you're supposed to have all that money with you to pay your tuitions and living expenses. So nobody should be alarmed that you have more than 10K in your account. Trust me, I've known international students who've had a lot more than 10K in their account throuout their college years, more than 4 yrs and never got any notice from anyone.
Do you have to pay taxes for having more than 10K in your bank > Nope, as long as you pay taxes for your income, through w2, you dont have to pay extra taxes for your money in bank, unless you make ridiculous amount of interest from your savings / checkings account which is not very often.
My suggestion for people who have more than 10K in their accounts sitting in their savings account; invest on some mutual funds, they give you a lot more return on your money than letting it sit in the bank. Open an account on Etrade or ing financial, they give more interest on your money than most local physical banks.
F1 students should not keep lots of money in bank account unless you cal show a legal source of the money. Banks report the finincial status of all the account holders.You may get caught. I have seen a guy questioned and about his saving account in chase bank where he had about 11 thousands earned illegally ie working /stealing in the gasstation while in houston texas. He was deported for it.
Also, dont take lots of money when you visit nepal.You need to declare at departure if you have 5 thousands or more. You may be Questioned or caught by US custom officer. It happened to me at JFK last feb, but I had only 500 dollars in my pocket. They asked me the source for that.
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