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Capitol

Washington Proposes IRS Bank Account Reporting

Junction National Bank cares about you, your finances, and your accounts with our community bank, so we want to let you know about a concerning proposal taking shape in Washington. If passed, the proposal would require financial institutions to report the inflows and outflows of all transactions over $600 on personal and business accounts to the IRS. Junction National Bank does NOT support this proposal. We value your business and privacy and want to make sure you have all the information you need regarding your finances and your money. We are working side by side with our national and state trade associations to do our part in fighting this proposal. If you want to make your voice heard by policymakers or learn more about this proposal, visit banklocally.org/privacy. We encourage everyone to research this matter and act as you see necessary.

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