[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.

[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]

Originally Posted by CWGUY

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

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]

Originally Posted by 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!

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]

Originally Posted by 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.

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

[retiredguy123]

Originally Posted by 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.

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]

Originally Posted by 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.

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]

Originally Posted by 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.

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