cancel
Showing results for 
Search instead for 
Did you mean: 

Someone needs to make a cash deposit into my account, BoA , NFCU or ?

Frequent Contributor

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?

By the way, they can always place the cash into an overnight envelope, purchase the insurance, and send it. Insurance goes up to 5k.

 

https://www.usps.com/ship/insurance-extra-services.htm

Message 11 of 17
Regular Contributor

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?

Check this out, it wasent to the bank.  Its to a business that has a business account at Chase.  Once a month I walk into Chase with a wad of cash, I fill out the deposit slip, hand it to the teller, she asked me the name of the business I am depositing the money to, I say the biz name and she gives me a receipt.  And its a similar amount to what this person was trying to deposit. Not sure why some people can and can not do this.  

 

I have since opened a biz account at Chase in the last month.  No more walking around with cash. 

 

 


Chase Business Ink 20k PenFed Plat Rewards VS 10k NFCU Go Rewards10700 BECU 10k Chase FU 6k NFCU Flag 12k Disco IT 5k Amex BCE 1k Gold Delta Skymiles Biz 5k Amex Biz Gold Rewards NPSL
Message 12 of 17
Frequent Contributor

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?

Thanks all

I wasn’t aware of Walmart Money Transfer. That should work.
Message 13 of 17
Established Contributor

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?

I'd be willing to bet $5 that this practice hasn't done anything to prevent Money Laundering etc. These types of security measuers only affect the average person who's just trying to make his way in the Galaxy.

Message 14 of 17
Community Leader
Valued Contributor

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?


@ToughFistFight wrote:

Check this out, it wasent to the bank.  Its to a business that has a business account at Chase.  Once a month I walk into Chase with a wad of cash, I fill out the deposit slip, hand it to the teller, she asked me the name of the business I am depositing the money to, I say the biz name and she gives me a receipt.  And its a similar amount to what this person was trying to deposit. Not sure why some people can and can not do this.  

 

I have since opened a biz account at Chase in the last month.  No more walking around with cash. 

 

 


I don't know about that. I work for the local county government and they recently changed things that I make my own cash deposits at a local bank, Washington Federal. The county gave me a book of printed deposits slips but the first time I made a deposit I had to give them my drivers license which that scanned into the computer and I had to give them my full social security #, I asked if last 4 digits was OK, no they wanted the full number. Now when I deposit I usually have the same teller and I just say my name and she always checks that I'm still in the computer as an authorized depositor. But last week I got  a new teller and when I gave her my name she checked and then as a check said "Oh, you recently had a birthday?" I confirmed that yes, it's Christmas Eve.

 

As for Chase I recently had a county customer complain about Chase, her mother was going to loan her some money so she gave her Chase account #, Chase would not accept the deposit. And to deposit cash into my local credit union I usually go to a closer, different credit union use their CU Co-op shared branch network, which requires I provide my drivers license and tell them the last 4 of my SS#. But last month the network was down so I drove to my CU's nearest branch, but as I didn't have my checkbook with me I gave them an index card with my member # that I use at shared branch deposits. They required my DL to ensure it was me making the deposit.

 

So it seems to me all banks now are requiring that only the account holder can deposit into an account, at least for cash.


Fico 08: 720/721/719 TU/EX/EQ
Message 15 of 17
Moderator Emeritus

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?


@Janus wrote:

I'd be willing to bet $5 that this practice hasn't done anything to prevent Money Laundering etc. These types of security measuers only affect the average person who's just trying to make his way in the Galaxy.


Which is why every single major bank that has implemented this policy has stated as such?

 

They'd take the cash if they could prevent the potential abuses some other way.   Contrary to some opinions, banks are not stupid: mo' deposits, mo' bettah.  Period.




        
Message 16 of 17
Mega Contributor

Re: Someone needs to make a cash deposit into my account, BoA , NFCU or ?

Very niche, but if you are a potential target of such things, such as a senior politition or working in classified areas, you may not want anonymous cash deposits in your account.   Yes, the FSB could deposit a check signed by Mr V Putin, but security services would assume that they wouldn't be so stupid, whereas regular cash deposits are harder to explain.

 

(Note: this assumes you are an innocent target of a smear.  If you really wish to take money from foreign intelligence services, there are much better ways!)

Message 17 of 17