Banks that won't take my cash

[Bay Kid]

My son in NC needed $300 put in his checking account at Wells Fargo bank. I don't have an account with them so I went down the road to deposit the $300. with cash instead of a 3rd party check.

To my surprise "we don't take cash"??? I had to go get my checkbook from the 3rd party bank which they accepted.

A bank that won't take cash???

I guess our cash ain't nothing but trash!

[anothersteve]

You tried to deposit the cash into your son's account? Banks (most,all?) will not accept cash to be put into another's account. Kind of a money laundering thing
Steve

[TommyT]

Thanks to the THUGS that find it necessary to not be gainfully employed and make fake money in their back bedroom, everyone is getting scared of cash.

I feel cash is beginning a slow death with all the electronic means for transactions.

:popcorn:

[justjim]

Yep, cash isn’t accepted everywhere, try making a hotel reservation without a credit card.

[JoelJohnson]

We use "Zelle" to move money. If your son is with a major bank and so do you, you can use your phone to send money.

[retiredguy123]

I think it is a good policy. I only use cash in restaurants because they won't allow you to swipe your own credit card. I wish banks and/or restaurants would change that policy also.

[Nucky]

:shrug: Didn't we send $2 Billion to Iran..... all in CA$H? :boom:

I think that was reported, I wasn't there so it's second-hand news, Bless Their Hearts! (Had to look it up, never knew there were two meanings) I mean the bad meaning in this case.

Bay Kid, I guess this is the price that good people pay for all the criminal activity and scamming that goes on in our world. Just glad you figured a way to help your son quickly. Damn shame! Good job, Good Dad. Nothing is ever easy!

[Kerry Azz]

My son in NC needed $300 put in his checking account at Wells Fargo bank. I don't have an account with them so I went down the road to deposit the $300. with cash instead of a 3rd party check.

To my surprise "we don't take cash"??? I had to go get my checkbook from the 3rd party bank which they accepted.

A bank that won't take cash???

I guess our cash ain't nothing but trash!
The easiest way to send Money is Facebook messenger it goes immediately onto their debit card. Or PayPal

[thetruth]

In a conversation with a friend who had a retail store, I was told by him perhaps to my surprise few people pay cash anymore.

With all the credit card rebates people will charge most anything.
The retailer pays for this. Actually it they want to, they need to thanks to customer demand, they can no longer by contract refuse a credit card for sales below a certain amount or a discount for cash. Who pays for this? The consumer does. The cost of the credit card use has to be in the price or the business will be gone.

[CFrance]

We use "Zelle" to move money. If your son is with a major bank and so do you, you can use your phone to send money.
My Ally online bank offers that. I've never had to use it and am not familiar with it, but I will google it now. I frequently send $ to family members for birthdays and splitting vacation costs, etc.


I used to deposit real cash into our son's BOA account, using the BOA in TV and his account number. I guess that's no longer possible.

[manaboutown]

Legal Tender Status (https://www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx)

[retiredguy123]

In a conversation with a friend who had a retail store, I was told by him perhaps to my surprise few people pay cash anymore.

With all the credit card rebates people will charge most anything.
The retailer pays for this. Actually it they want to, they need to thanks to customer demand, they can no longer by contract refuse a credit card for sales below a certain amount or a discount for cash. Who pays for this? The consumer does. The cost of the credit card use has to be in the price or the business will be gone.
I have heard that, when McDonald's started installing credit card devices, their average transaction amount increased significantly. For most businesses, I think credit cards are helping them, not hurting them.

[JoMar]

I think it is a good policy. I only use cash in restaurants because they won't allow you to swipe your own credit card. I wish banks and/or restaurants would change that policy also.

Ramshachkles on 441 actually lets you swipe at the table....of all places....who would have thunk it :)

[queasy27]

Bay Kid, if this is something you do regularly, or might sometimes do again, you might consider setting up a money transfer through your bank. All I needed was the recipient's bank routing number and account info. Once set up, I just log in and use the Transfer Funds option. I can also create automatic transfers if needed. The transfer is instantaneous and my bank doesn't charge for it.

Sites like Venmo and PayPal take a bit more time to set up/confirm for both sender and recipient and there are fees.

[Topspinmo]

Thanks to the THUGS that find it necessary to not be gainfully employed and make fake money in their back bedroom, everyone is getting scared of cash.

I feel cash is beginning a slow death with all the electronic means for transactions.

:popcorn:

No, they want it to be electronic so the can track you’re ever trans action for tax purposes

[Bay Kid]

After 65 years of life my money is now trash. Still in shock. I can take that same $100. bill and go out to eat...I think....

[Nucky]

After 65 years of life my money is now trash. Still in shock. I can take that same $100. bill and go out to eat...I think....

I don't know about that Bay Kid, you may end up washing dishes cause not every restaurant takes $100 bills either. You just can't win. What a damn shame!

[manaboutown]

American Airline still takes cash. Not long ago I was at the Miami airport and some sleazy looking guy at the first class counter peeled $100s off a huge wad of bills to buy a ticket. My guess is he was a bag man for a cartel. Do the banks in Miami still take grocery bags of cash brought in after hours?

[jebartle]

[QUOTE=Bay Kid;1643040]My son in NC needed $300 put in his checking account at Wells Fargo bank. I don't have an account with them so I went down the road to deposit the $300. with cash instead of a 3rd party check.

To my surprise "we don't take cash"??? I had to go get my checkbook from the 3rd party bank which they accepted.

A bank that won't take cash???

I guess our cash ain't nothing but trash![/QUOTE

You really need to let the ink dry giggle:a040:]

[ColdNoMore]

You really need to let the ink dry giggle:a040:

I upgraded to a higher quality printer.


I just call it..."my personal quantitative easing policy."


Besides, Mickey Mouse makes for a better looking bill...than Benjamin Franklin.


:1rotfl:

[Midnight Cowgirl]

So judging from all the comments, I guess cash is no longer King!

[themartianchick]

I've used most of the services that have been mentioned here (Paypal, Venmo, Zelle, MoneyMover, Facebook Messenger, etc...) and I also consult with a financial institution.

Here are my thoughts:

- Credit unions are regulated differently than banks and often have to live up to a higher standard. If you need to deposit money into an account that isn't yours, then do it through the night deposit box. They are not really allowed to let anyone make a deposit (via check or cash) into an account that they don't own. Banks have less stringent requirements.

- You should always try to think proactively about the (potential) needs of your family. If you already have the Zelle, Paypal, Electronic Funds Transfer methods set up, then you never need to worry when an emergency requires a transfer. You can simply transfer money without a fuss.

Since all of our children are grown but still live close by in NY, we also have a credit card account that we don't use but have made the kids authorized users on. In the event of an emergency, they can access their own card from our home. (They each have a key.) We never told them about the cards and we've never had an emergency that required us to share their location. Still, it is nice to know that we have the means to help them.

One last thing... Another possibility to assist in an emergency is to have a single bank account with a national bank and list the family members on it. You can keep just enough money in it to keep it open and then make a small deposit twice per year to keep it active. In an emergency, you can go and deposit funds to assist in an emergency and your relative can retrieve it without issue.

[Bay Kid]

I've used most of the services that have been mentioned here (Paypal, Venmo, Zelle, MoneyMover, Facebook Messenger, etc...) and I also consult with a financial institution.

Here are my thoughts:

- Credit unions are regulated differently than banks and often have to live up to a higher standard. If you need to deposit money into an account that isn't yours, then do it through the night deposit box. They are not really allowed to let anyone make a deposit (via check or cash) into an account that they don't own. Banks have less stringent requirements.

- You should always try to think proactively about the (potential) needs of your family. If you already have the Zelle, Paypal, Electronic Funds Transfer methods set up, then you never need to worry when an emergency requires a transfer. You can simply transfer money without a fuss.

Since all of our children are grown but still live close by in NY, we also have a credit card account that we don't use but have made the kids authorized users on. In the event of an emergency, they can access their own card from our home. (They each have a key.) We never told them about the cards and we've never had an emergency that required us to share their location. Still, it is nice to know that we have the means to help them.

One last thing... Another possibility to assist in an emergency is to have a single bank account with a national bank and list the family members on it. You can keep just enough money in it to keep it open and then make a small deposit twice per year to keep it active. In an emergency, you can go and deposit funds to assist in an emergency and your relative can retrieve it without issue.

Thanks for all that advice. I just wanted to get him money that day. Not something I need to do often or at all. I don't do ANY electronic banking and I don't intend to start now.

It is a bank. They, of all people, should be able to check 3 $100. bills to see if it is trash or not.

It was just cash.

[ColdNoMore]

Thanks for all that advice. I just wanted to get him money that day. Not something I need to do often or at all. I don't do ANY electronic banking and I don't intend to start now.

It is a bank. They, of all people, should be able to check 3 $100. bills to see if it is trash or not.

It was just cash.

I used to share that viewpoint, but after finding out how convenient and easy it is to electronically pay bills (especially when being out of town)...have since completely changed my mind.

The ONE THING I will never do though...is to set up automatic payments.

I've heard too many horror stories of how hard it has been for some people to stop them...once the auto-pays are no longer applicable. :oops:

I do enjoy setting up my recurring bills through 'bill pay' (BOA) though, then determining on which day...I want them to be paid. :thumbup:

It takes very little initial effort to set them up and then I can control it...from anywhere I happen to be. :ho:

[anothersteve]

It is a bank. They, of all people, should be able to check 3 $100. bills to see if it is trash or not.

It was just cash.

I don't think it's about counterfeit bills. It's about depositing cash (not a check} into someone's else's account. It could be thought of as money laundering. And if you think about it it makes sense.
Steve

[retiredguy123]

I used to share that viewpoint, but after finding out how convenient and easy it is to electronically pay bills (especially when being out of town)...have since completely changed my mind.

The ONE THING I will never do though...is to set up automatic payments.

I've heard too many horror stories of how hard it has been for some people to stop them...once the auto-pays are no longer applicable. :oops:

I do enjoy setting up my recurring bills through 'bill pay' (BOA) though, then determining on which day...I want them to be paid. :thumbup:

It takes very little initial effort to set them up and then I can control it...from anywhere I happen to be.[/SIZE] :ho:
I agree about the automatic payments, but, in the future, you may not be able to avoid it. For example, the Xfinity Mobile cell phone service requires auto pay. So does Dean's. I refused to sign up for Dean's lawn service service because of it. I recently signed up for Netflix because I can get it on my Comcast bill, but otherwise, I would not be a customer because they require auto pay.

[ColdNoMore]

I agree about the automatic payments, but, in the future, you may not be able to avoid it. For example, the Xfinity Mobile cell phone service requires auto pay. So does Dean's. I refused to sign up for Dean's lawn service service because of it. I recently signed up for Netfix because I can get it on my Comcast bill, but otherwise, I would not be a customer because they require auto pay.

Yep...totally agree. :thumbup:

I will personally refuse to sign up for anything...that 'requires' auto-pay.:grumpy:

I get the allure for businesses, in guaranteeing that they get paid on time, but the plethora of horror stories of getting these withdrawals stopped in a timely manner...makes me very leery of them.

[CFrance]

I will do auto pay through a credit card, but nobody, I mean nobody, gets access to our checking accounts.

[JoMar]

Always interesting to see the positions taken on the advancement of technology. As my wife often said, she is being dragged kicking and screaming into the 21st century, but as she gets there she is excited about what it does for her......after three years of my depositing checks via smartphone she finally tried it last month and loves it. As mentioned earlier, we will all get there at some point...some just sooner than others.

[ColdNoMore]

I will do auto pay through a credit card, but nobody, I mean nobody, gets access to our checking accounts.

Good point, because at least with a CC...you have options to question/protest the charge(s).

In fact, you just reminded me that I actually have the same thing set up by credit card...on one of my monthly accounts.

That being the massive $8 a month, to the TheVillages-dot-net...for access to tee times. :D

But that be...the ONLY one. :ho:


The other great thing I like about 'online bill pay,' is being able to immediately transfer money to any credit card charges I might make (once they are no longer 'pending' that is)...and not taking a chance of getting caught in their billing period and paying any CC interest.

Which really goes against my grain. :mad:

[bilcon]

Oh, Facebook? I really want to trust them sending my money. They can't even keep their clients information from being compromised.