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Started By
Message
re: Anybody ever have the bank turn down a cash deposit
Posted on 10/22/19 at 6:53 pm to WhiskeyThrottle
Posted on 10/22/19 at 6:53 pm to WhiskeyThrottle
quote:
Find an ATM that accepts cash deposits and deposit it randomly.
Good way to attract the FBI....
2
Posted on 10/22/19 at 6:55 pm to DeafJam73
quote:
Deposit it via ATM. It’s what I do
You have more faith in technology than I do.
Posted on 10/22/19 at 6:58 pm to TH03
quote:I know a couple of people who keep legit cash in safety deposit boxes.
Sorry, no, I'm white and don't make money illegally so I've never experienced this.
Posted on 10/22/19 at 7:04 pm to southernelite
If it is all legal it shouldn’t matter, but if not. Depending on how much he has, the best thing to do is to get a few people to break it up between. You would have to trust and then pay them, but get person A to do the casino thing.
You would have to go, get chips, actually play a little bit then cash out.
Get person B to go to another casino. Person C to go to a video poker machine at a truck stop or something, put money in, play a few hands, cash out.. If it’s in $100 bills you can always ask people if they could break it, break as many as you can..
But to be told money smells like mildew. If its not counterfeit there should be no reason he couldn’t deposit it.
You would have to go, get chips, actually play a little bit then cash out.
Get person B to go to another casino. Person C to go to a video poker machine at a truck stop or something, put money in, play a few hands, cash out.. If it’s in $100 bills you can always ask people if they could break it, break as many as you can..
But to be told money smells like mildew. If its not counterfeit there should be no reason he couldn’t deposit it.
Posted on 10/22/19 at 7:08 pm to OweO
Don't casinos record your transactions, id, etc, so they can report the same shite to the same people?
Posted on 10/22/19 at 7:11 pm to deeprig9
quote:
Don't casinos record your transactions, id, etc, so they can report the same shite to the same people?
Dont use a players card.
Depending on the state, cash in for less than the limit that is reported to the IRS.
Profit???
Eta....example, Oregon is 1k, Washington is 5k last I knew.
This post was edited on 10/22/19 at 7:13 pm
Posted on 10/22/19 at 7:29 pm to Tigahs24Seven
Not a drug dealer..not a stripper....not a counterfitter....I just keep some cash on hand in case the world goes nuts, and I can't use credit or checks, and I am in the process of buying a house and needed to deposit some cash to do so....not a big deal till the branch manager smelled
"mildew" really? It was in his damn bank vault.
BTW..a lot of folks keep large sums of cash ....just in case. Not unusual. My Dad used to keep his a the house in a safe with a loaded and cocked pistol on top of the cash in case somebody marched him in there and told him to open the safe..
"mildew" really? It was in his damn bank vault.
BTW..a lot of folks keep large sums of cash ....just in case. Not unusual. My Dad used to keep his a the house in a safe with a loaded and cocked pistol on top of the cash in case somebody marched him in there and told him to open the safe..
This post was edited on 10/22/19 at 7:36 pm
Posted on 10/22/19 at 7:42 pm to southernelite
quote:
Good way to attract the FBI....
They don’t give a frick about petty cash.
Posted on 10/22/19 at 8:05 pm to Tigahs24Seven
quote:I’ve had around 300 US currency notes (Gold & Silver Certificates from the 1920s -1950s) in my Safe Deposit Box for 20+ years.
It had been sitting in a safety deposit box for a year or so.....
The row of boxes just below mine were even flooded in Katrina.
My notes don’t smell mildew-y.
Were your notes compromised when you put them away?
Posted on 10/22/19 at 8:10 pm to Tigahs24Seven
Money is made of cotton. Wash and dry it then stack it up.
Deposit at a different branch or in the atm.
Deposit at a different branch or in the atm.
Posted on 10/22/19 at 8:13 pm to Tigahs24Seven
Never heard of a banker sniffing bills...
Posted on 10/22/19 at 8:17 pm to soccerfüt
I had them in a home safe for a good while till I moved into an apartment and needed a safe place to put them till I bought a new place...maybe the safe had an issue??? I don't own the safe anymore..Not sure.
Posted on 10/22/19 at 8:18 pm to DeafJam73
quote:
Good way to attract the FBI....
They don’t give a frick about petty cash.
The DEA does
Posted on 10/22/19 at 8:21 pm to tgrbaitn08
I’m told the Federal Reserve folks conceptually don’t look kindly upon cash in Safe Deposit boxes.
Posted on 10/22/19 at 8:22 pm to Tigahs24Seven
Yup. They took one look at my PODS full of hundreds and told me the place wasn't for sale and that I should just call Alan Greenspan directly. Frickin' yokels.
Posted on 10/22/19 at 8:23 pm to tigerinthebueche
quote:
Yes. It’s fed rules to try and prevent money laundering. Or so I was told such by the brawd at Chase.
quote:
Yes it’s not the bank it’s the Fed. There are AML rules banks have to follow. Just be comfortable knowing that before you left the branch manager had already sent all your relevant info the the Fed there are electronically digging through your life right now.
OP's description doesn't sound like AML
This post was edited on 10/22/19 at 8:24 pm
Posted on 10/22/19 at 8:24 pm to Tigahs24Seven
quote:
Because it smelled like mildew? They have to mail you a special bag with special gloves and special instructions...you have to send the cash to them and they supposedly have to have it reprinted and destroyed, and will deposit your funds in about 20 to 25 days..WTF? Happened to me today. It had been sitting in a safety deposit box for a year or so..... Not to mention they want your DL, your debit card, your SS#, your place of employment and your firstborn child to make a cash deposit larger than a certain amount. Seriously?
How much? What bank? Where?
...If I had to guess.....CHASE?
This post was edited on 10/22/19 at 8:28 pm
Posted on 10/22/19 at 8:25 pm to DeafJam73
quote:
They don’t give a frick about petty cash.
If you structure deposits to get around AML, then yeah, they will give a frick.
Posted on 10/22/19 at 8:26 pm to OweO
quote:
OweO
What you described is money laundering.....
Posted on 10/22/19 at 8:26 pm to soccerfüt
quote:
I’m told the Federal Reserve folks conceptually don’t look kindly upon cash in Safe Deposit boxes.
They don’t. That’s a definitely red flag
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