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WWOTD - Writing a check to a friend in exchange for cash

Posted on 1/11/19 at 2:44 pm
Posted by LSUbase13
Mt. Pleasant, SC
Member since Mar 2008
15060 posts
Posted on 1/11/19 at 2:44 pm
A friend of mine banks online. He's said that it is virtually impossible to deposit cash that way. He's got a few hundred bucks he wants to deposit, and he's asked me to write him a check for that cash amount. In exchange, I'd get the cash and just deposit into my account.

Odd freaking request, I know. Also odd to put me on the spot... other than getting new friends, which I'm not exploring the idea , WWOTD?
This post was edited on 1/11/19 at 2:45 pm
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58737 posts
Posted on 1/11/19 at 2:45 pm to
If he’s giving you the actual cash I don’t see the problem.
Posted by Torrence Hatch
Member since Nov 2018
664 posts
Posted on 1/11/19 at 2:45 pm to
PIIHB
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
36334 posts
Posted on 1/11/19 at 2:45 pm to
nm
This post was edited on 1/11/19 at 2:49 pm
Posted by Displaced
Member since Dec 2011
32905 posts
Posted on 1/11/19 at 2:45 pm to
Not odd.

I bank with nfcu. The nearest physical brach is 2 hours away.

Large amounts of cash do me no good.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 1/11/19 at 2:46 pm to

5% vig
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
136987 posts
Posted on 1/11/19 at 2:46 pm to
His bank doesn't have a physical building?
Posted by Rouge
Floston Paradise
Member since Oct 2004
137762 posts
Posted on 1/11/19 at 2:46 pm to
Congrats on your new counterfeit bills
Posted by whoisnickdoobs
Lafayette
Member since Apr 2012
9352 posts
Posted on 1/11/19 at 2:46 pm to
What bank does he use?
Posted by idlewatcher
Planet Arium
Member since Jan 2012
86482 posts
Posted on 1/11/19 at 2:46 pm to
Looks like you're complicit in his money laundering scheme.

Enjoy prison
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
69677 posts
Posted on 1/11/19 at 2:47 pm to
I did this when I used to counterfeit. Took away my paper trail.
Posted by Powerman
Member since Jan 2004
164961 posts
Posted on 1/11/19 at 2:47 pm to
quote:

I can just take a pic with my phone.



Of cash?
Posted by Rouge
Floston Paradise
Member since Oct 2004
137762 posts
Posted on 1/11/19 at 2:48 pm to
quote:

A friend of mine banks online. He's said that it is virtually impossible to deposit cash that way.
I can just take a pic with my phone
you can take pics of cash and deposit in your bank?

That is a bold business strategy, Cotton
Posted by northshorebamaman
Cochise County AZ
Member since Jul 2009
36334 posts
Posted on 1/11/19 at 2:48 pm to
quote:

Of cash?

Missed that. Yeah, cash is a pain in the arse.
Posted by OweO
Plaquemine, La
Member since Sep 2009
117362 posts
Posted on 1/11/19 at 2:49 pm to
Unless you need to keep the money in your account, why is that a problem? It's not like he is saying "ummmm.. I will pay you next week". $100 in cash = $100 check. If anything, you could be screwing him by not having that amount in your checking account (which would be screwing you as well because you would then get a NSF, blah blah blah, but you get the point).
Posted by Ed Osteen
Member since Oct 2007
58311 posts
Posted on 1/11/19 at 2:50 pm to
so what's the problem?
Posted by 225Tyga
Member since Oct 2013
18189 posts
Posted on 1/11/19 at 2:50 pm to
venmo instead
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
70061 posts
Posted on 1/11/19 at 2:50 pm to
Post Office Money Orders are fairly cheap, I guess your friend could get those with cash and then mobile deposit the Money Order(s) into their account if there is not a brick & mortar bank nearby.
Posted by dgnx6
Member since Feb 2006
78863 posts
Posted on 1/11/19 at 2:53 pm to
fill out the check, and swap it for cash. He prob is just lazy and will do mobile deposit instead of just going to a bank. Unless he banks with someone that doesnt have any branches near by, then he should just change banks.
Posted by Flanders
Bham
Member since May 2008
9895 posts
Posted on 1/11/19 at 3:08 pm to
I have give folks cash all the time in return for a Venmo deposit. I don't have a physical bank near me so cash serves me no purpose.
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