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No. of Recommendations: 5
There is a reporting requirement for $10,000 or more deposited in cash (and it is illegal to structure deposits with the intent of avoiding the reporting requirement), there is also a reporting requirement for any cash transaction of $10,000 or more, so you can't expect to walk into a car dealer and buy a $40,000 car to avoid the reporting requirements.

I may be naive (make that, "I am naive"), but my inclination would be to go to the branch manager, state right out that you have a substantial cash deposit to make, you are aware that there is a reporting requirement, and show the branch manager any documentation you might have to support that it is from your grandfather's estate. If you have a letter of transmittal from the executor of the estate, photographs of where the cash was found, or even a declaration of the cash when the estate taxes were filed, it would make your statements more credible. Also, if the bills have dates spanning several decades, it would help support the "bank distrusting, cash hording" nature of your grandfather as why there is so much cash.

If all the bills were less than five years old, you may have a mystery on your hands, and then you may have to find where the cash came from (e.g., any bank records showing a $40,000 cash withdrawal or a structured withdrawal program that totals near the $40,000).
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