SB Banking Tips
Banking seems to be a common trouble spot sugar babies. I’ll share some of my tips for making cash deposits and what types of accounts are most beneficial for sugar babies.
Info
-The bank is required to automatically flag any deposit over $10,000.
-If you deposit $2,000 five times in one day, you’ll still get flagged.
-Any deposit the bank deems to be suspicious will be flagged.
-You only report interest paid to the IRS if your account is interest bearing. This means, if you have a savings account or an interest bearing checking account, you will accrue interest and must report this on your taxes.
-Most accounts require the owner to have a certain amount of money in the account or a penalty must be paid. Some banks will let you set up alerts to guard against this.
-Any one person may give you a gift of $14,000 per year without having to pay a gift tax.
-The giver of the gift is responsible to pay the gift tax, not the receiver. However, arrangements can be made if necessary.
-If you have cash that you don’t want to deposit, get a safe. A really, really good safe. One that is fire proof, water proof, etc. You don’t want your hard earned money to go to waste.
Tips
-Set up accounts at multiple banks. Banks do not communicate with one another and this allows you to make smaller deposits more frequently.
-Do not deposit the same exact amount each time.
-Mix the deposits. In some cases, I will deposit cash and personal checks not related to sugaring.
-Look like you have money. I always dress nicely, have my makeup done, wear some jewelry. If you are dressed in sweats and UGGs, it may seem a bit suspicious.
-Visit the same branch and make friends with the tellers. Always be polite, chatty, and smile. They will get to know you as a regular customer and trust you. If they know you regularly make larger deposits, they won’t be suspicious.
-Find banks that have ATMs that will immediately deposit your cash. I know newer PNC banks have these ATMs. This allows you to make deposits after hours and no teller is present. These transactions are not flagged unless they exceed the $10,000 limit.
This is exactly what I needed! I’ve been keeping all of my escort money in a big sunglasses case in my underwear drawer until I get a safe. I’ve been so scared to deposit funds into my bank account because I don’t want to get flagged but I can’t fit my money in this big ass case anymore and it’s just stupid to keep several thousand dollars like that.
Every sex worker needs to read AND share this.
DAMN I NEEDED THIS



















