Asked by Ganttsrus, Suitland, MD • Tue Aug 31, 2010
I sometimes do hair braiding and I get paid like $200 or so per person when I do it...rarely. I have two people that are paying me in the next week or 2 and of course it is a cash transaction. Can I just deposit the $200 or $250 in my bank account without having to worry about the bank asking about those deposits when I am being reviewed/underwriting for a home loan since these amounts are small (under $500) or do I need to do something else. As most will know these type of transactions are always cash in hand.
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