Quote:
Originally Posted by spdrun
I haven't deposited cash for a while, since I usually get paid via check. Today, I wanted to make a small ($50) cash deposit into my Chase account, and the teller asked for ID. I HATE HATE HATE being asked for "papers please", not that I have anything to hide.
Apparently, a new policy to prevent money laundering(*), as part of a consent decree between Chase and our lovely govno-mint. Do all banks do this now? Any recommendations for banks to switch to after I close out my Chase accounts on Monday that don't treat me like a f**king criminal?
(*) - I thought the point of money laundering was NOT to deposit cash, but rather to do something like buy things with small amounts of cash, resell them for check/credit card payments, and turn suspicious deposits into innocuous ones. The people depositing the cash would be involved in 100% legal transactions, since they'd just be sellers of legit goods.
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I just deposit cash at the ATM. No questions asked there, but when I do deposit cash or checks at the teller, I usually also hand over my ID as well as checking card since they sometimes ask for both. I can think of bigger things to worry about honestly.