Cash deposits of over $10,000 must be reported to the federal government. You shouldn't have any problems, though -- just ...

Key Takeaways - If You Deposit a Lot of Cash, Does Your Bank Report It to the Government? Depositing $10,000 or more in cash means your bank or credit union will report it to the federal government.

The fact that your bank will report any cash deposits or withdrawals in excess of $10,000 isn’t necessarily cause for alarm. The intent is to identify and monitor where the money ends up ...

There are plenty of times you'll need to give money to someone, but for one reason or another, you can't just hand them cash. In this case, you can deposit money into their bank account.