Banking and Cash Vent...

[buckeyefarmer]

I deposit and withdraw from my wife and kids accounts. I am on account with them. Also only need id to withdraw.

 

[ultrarunner]

On the flip side San Francisco's new law requiring businesses to accept cash is now in place.

The alarm was a growing number of businesses no longer accepted cash and this was seen as discriminatory to Homeless and Immigrants...

Cashless SF stores now must take cash: ‘They’re not making it easy’ - SFChronicle.com

 

[Industrial Toys]

That's some money I would not want to touch! I love those tap CC terminals!

 

[quicksandfarmer]

Yep.I am curious how the police found that the had the cash in some of the cases, it's not something that has ever come up in any traffic stop that I have been in.

Aaron Z

They have cash-sniffing dogs. Seriously.

It also happens that agencies who get those reports that banks file about large cash transactions tip off the local police in exchange for a share. Civil asset forfeiture is real, and for certain agencies it's a way of life. It's a complete perversion of the notion of law enforcement.

 

[lilranch2001]

what if you have a withdrawal receipt?

 

[Oaktree]

On the flip side San Francisco's new law requiring businesses to accept cash is now in place.

The alarm was a growing number of businesses no longer accepted cash and this was seen as discriminatory to Homeless and Immigrants...

Cashless SF stores now must take cash: 禅heyæ±*e not making it easy - SFChronicle.com

I guess I've been living under a rock or something, I wasn't aware there even were businesses (or at least a significant number of them) that didn't accept cash. Is this just some sort of millennial or left coast thing?
It isn't just homeless and immigrants who prefer to pay cash.

I just looked at a dollar bill, and it clearly says "this note is legal tender for all debts, public and private". It would seem that refusal to accept it would be a federal offense.

 

[Oldoak]

They have cash-sniffing dogs. Seriously.

It also happens that agencies who get those reports that banks file about large cash transactions tip off the local police in exchange for a share. Civil asset forfeiture is real, and for certain agencies it's a way of life. It's a complete perversion of the notion of law enforcement.

And precisely why confiscating cash without being charged, let alone without being convicted of illegal activity, should be in itself ILLEGAL!

 

[oosik]

This spring I sold my smaller rear blade. $900 . The fellow gave me nine - $100 bills. I never thought a thing about it until I went to the bank to deposit.

The teller scanned each bill with some kind of pen. I guess they were all good because they were deposited into my account.

Has it come down to a point where a private citizen must have one of those "scanning pens" to accept larger bills.

If any of the bills had been bogus - I'd have been up the creek with only a teaspoon..............

I wonder if LEO would have accepted my explanation. "I received them from an unknown person".

 

[lilranch2001]

I avoid 100's at all cost.
Tellers hate it when I ask for $1000 or $2000 in 20 dollar bills

 

[Jstpssng]

This spring I sold my smaller rear blade. $900 . The fellow gave me nine - $100 bills. I never thought a thing about it until I went to the bank to deposit.

The teller scanned each bill with some kind of pen. I guess they were all good because they were deposited into my account.

Has it come down to a point where a private citizen must have one of those "scanning pens" to accept larger bills.

If any of the bills had been bogus - I'd have been up the creek with only a teaspoon..............

I wonder if LEO would have accepted my explanation. "I received them from an unknown person".

The kick in the butt is that those pens will also pass newsprint.
Having said that it does pay to use caution when accepting cash. There are a lot of bogus bills getting passed around the Bangor Maine area right now Maine police warn of counterfeit bills being circulated, and in one of the articles the police representative did say that often people passing them don't realize that they are fake.