Banking and Cash Vent...

[dstig1]

I went to BOA once.

Once.


(Nobody ever gets that reference!!)


I had a check drawn on the same BOA branch. The refused to cash it without a $10 'service fee'.

Johnny Dangerously. What do I win?

 

[lilranch2001]

Do you know Frank Serpico personally? Why is he still in hiding?? OMG Laffin..I heard Frank was still looking for Fredos body from the god father movie.

I think Fredo was sighted last week in NY having a meltdown

 

[coobie]

I think Fredo was sighted last week in NY having a meltdown

LOL..

 

[atsah]

I think Fredo was sighted last week in NY having a meltdown

:laughing:

 

[Industrial Toys]

Popeye Doyle ran into his share of corruption as well. I felt so bad for him when that hag stole his watch. But loved when he got out the gasoline. Poor rats!

 

[grsthegreat]

Even here in Idaho only the actual account owner can deposit cash into their own account. Everyone needs ID to deposit large sums of cash. About 20 years ago i pulled all my accounts from Bank of America accounts because they required a 3 day hold on a cash deposit to my business account. I went to Wells Fargo and have never had any issues since. But even wells requires ID to deposit cash, but this is accomplished when i swipe my debit card at the teller window. But my wife would not be able to deposit cash for me into the account even though shes a signature on account...weird. But since i dont deal in cash as part of my business its really no big issue for me. Lately id say 95% of my business is either checks or credit cards.

I also remember way back when ... Sears refused to accept a $100.00 bill for a purchase. Their claim was too large a number of fake $100's out there. Last time i shopped at sears.

 

[downsizingnow48]

I don't know why anyone uses BOA. B..tards of America...

Me either. They have been reliably awful for decades.

 

[grsthegreat]

Checked my records. Been with Wells Fargo since 1998. No issues. They have never pushed any accounts or services on me. While visiting other states, I’ve never had any branch issues either, and we do lots of traveling. But I also keep money in cd’s at several local credit unions cause they pay better rates, whereas WF pays nothing on savings or cd’s. I like the credit unions, but there not located in other states for travel access. I just closed my Chase accounts yesterday because of their fees that they just started charging me a few months ago. Been with them for 5 years without fees, then suddenly since I’m not doing direct deposit.....fees. Took my money and ran.

 

[buckeyefarmer]

I deposit and withdraw from my wife and kids accounts. I am on account with them. Also only need id to withdraw.

 

[ultrarunner]

On the flip side San Francisco's new law requiring businesses to accept cash is now in place.

The alarm was a growing number of businesses no longer accepted cash and this was seen as discriminatory to Homeless and Immigrants...

Cashless SF stores now must take cash: ‘They’re not making it easy’ - SFChronicle.com

 

[Industrial Toys]

That's some money I would not want to touch! I love those tap CC terminals!

 

[quicksandfarmer]

Yep.I am curious how the police found that the had the cash in some of the cases, it's not something that has ever come up in any traffic stop that I have been in.

Aaron Z

They have cash-sniffing dogs. Seriously.

It also happens that agencies who get those reports that banks file about large cash transactions tip off the local police in exchange for a share. Civil asset forfeiture is real, and for certain agencies it's a way of life. It's a complete perversion of the notion of law enforcement.

 

[lilranch2001]

what if you have a withdrawal receipt?

 

[Oaktree]

On the flip side San Francisco's new law requiring businesses to accept cash is now in place.

The alarm was a growing number of businesses no longer accepted cash and this was seen as discriminatory to Homeless and Immigrants...

Cashless SF stores now must take cash: 禅heyæ±*e not making it easy - SFChronicle.com

I guess I've been living under a rock or something, I wasn't aware there even were businesses (or at least a significant number of them) that didn't accept cash. Is this just some sort of millennial or left coast thing?
It isn't just homeless and immigrants who prefer to pay cash.

I just looked at a dollar bill, and it clearly says "this note is legal tender for all debts, public and private". It would seem that refusal to accept it would be a federal offense.

 

[Oldoak]

They have cash-sniffing dogs. Seriously.

It also happens that agencies who get those reports that banks file about large cash transactions tip off the local police in exchange for a share. Civil asset forfeiture is real, and for certain agencies it's a way of life. It's a complete perversion of the notion of law enforcement.

And precisely why confiscating cash without being charged, let alone without being convicted of illegal activity, should be in itself ILLEGAL!

 

[oosik]

This spring I sold my smaller rear blade. $900 . The fellow gave me nine - $100 bills. I never thought a thing about it until I went to the bank to deposit.

The teller scanned each bill with some kind of pen. I guess they were all good because they were deposited into my account.

Has it come down to a point where a private citizen must have one of those "scanning pens" to accept larger bills.

If any of the bills had been bogus - I'd have been up the creek with only a teaspoon..............

I wonder if LEO would have accepted my explanation. "I received them from an unknown person".

 

[lilranch2001]

I avoid 100's at all cost.
Tellers hate it when I ask for $1000 or $2000 in 20 dollar bills

 

[Jstpssng]

This spring I sold my smaller rear blade. $900 . The fellow gave me nine - $100 bills. I never thought a thing about it until I went to the bank to deposit.

The teller scanned each bill with some kind of pen. I guess they were all good because they were deposited into my account.

Has it come down to a point where a private citizen must have one of those "scanning pens" to accept larger bills.

If any of the bills had been bogus - I'd have been up the creek with only a teaspoon..............

I wonder if LEO would have accepted my explanation. "I received them from an unknown person".

The kick in the butt is that those pens will also pass newsprint.
Having said that it does pay to use caution when accepting cash. There are a lot of bogus bills getting passed around the Bangor Maine area right now Maine police warn of counterfeit bills being circulated, and in one of the articles the police representative did say that often people passing them don't realize that they are fake.