I deposited $110 in my chkng acct and had to show an ID

[Cyrano]

An ID to deposit money in my own checking account??

When I asked why I had to show my ID, I heard a bunch of stuff about "drug-money, criminal activities, money laundering, untraceable cash," and some other things that I don't recall.

That $110 was in $20s, $10s, $5s and singles. Is this how money laundering is done?

Is my face now on in the facial recognition data base?

Will an investigation be launched if I make another cash deposit this year?

Am I now on the "no-fly" list?

If I'd asked a friend to drop by and deposit it for me, would he/she have been arrested?

I have no idea how long this kind of shit has been going on. Maybe it's the administration of the orange creature, or maybe not.

Nonetheless, why does the government have to know that I put $110 in cash in my checking account?

Once Trump is gone, and he will be gone, and once the Republican Party is gone, and they will be gone, will shit like this still go on?

I really don't know how this kind of thing came into being.

But, we do not need or want a government that monitors our every move.

If you haven't read Orwell's "1984" in a while, reread it. We are all well down the path to being owned.

[LuckyCharms]

1. The tellers at my credit union always

require ID, regardless of the type of transaction. It has been this way for years...where I do my banking anyway.

[FSogol]

13. Mine don't. They always say, "Hi Mr. FSogol." n/t

[LuckyCharms]

14. That's weird. They say "Hi Mr. FSogol" to me too. n/t

[Dave Starsky]

19. Me, too!

I'm, like, what is it with this FSogol stuff? My name is Starsky!

[brush]

23. Well at least they didn't mistake you for Hutch.

Sorry, couldn't resist.

[Dave Starsky]

29. They can see that I'm not the blond guy. n/t

[FSogol]

20. Thanks for making all those deposits.

[dumbcat]

16. Same here

I always make my bi-weekly cash withdrawals inside with the tellers. We've all known each other for years. I've known the bank president for 20 years.

I can't stand debit cards or drive-thrus. I want to see the people at the bank.

[yonder]

58. same here, also

Years ago, when direct deposit was made available to our company, I was one of a few who chose to continue receiving a paper check...to drive to the bank.... to walk in...fill out the slip and deposit it. Waste of time? Maybe. It just seems normal to do so.

Can't say if I've ever been asked for ID to make a deposit, though.

[Corvo Bianco]

2. Hmmm they don't have to fill anything out until you hit $10k cash deposit.

Sounds like you just met an asshole.

[Lochloosa]

9. Or someone doing their job. As in, following there banking procedures.

[brush]

30. My bank asks for ID for a 5k deposit.

And btw, as far as reporting cash deposits to the IRS I understand they want everyone to believe the threshold is 10k.

I understand it's really $6500.

[Leith]

44. There Is No Threshold

The $10,000 is for the paperwork you sign. If they question a hundred dollar deposit, they can fill out paperwork without telling you.

As for the ID for a simple, small cash deposit: was this a teller you never saw before ? He or she could have been following bank policy very rigidly. Did you ask for a balance? You must be identified before such information is told to you. Was that the only transaction? There could be some nonsensical bank policy going on. Did you have multiple cash deposits in a short amount of time? Add them together. If it totals $2,000 or more, paperwork must be filled out.

Somehow the whole story is not known here.

[brush]

46. The OP poster is the one who deposited $110 not me.

Do you work at a bank or for the IRS?

[Leith]

48. Sorry, Not Really Directed at You Personally

My post was just for general information.

I worked at as a bank teller for 8 long long horrible years.

[brush]

50. Glad you are on to a new career.

So cash deposits are only reported at the discretion of a bank

employee, no matter how big or small?

I'm really interested in the upper threshold if there is one to your knowledge.

[Leith]

60. No, There Are Federal Guidelines

These are the rules that I had to follow:

Any cash amount can be recorded, but less than $2,000 was ignored. Actually, more than $2,000 was ignored if it was a business deposit where their customers usually paid cash (like a convenience store, movie theater, etc.).

If it was $10,000 or more, more elaborate and detailed paperwork was filled out and the customer had to sign. If the customer refused, the deposit was refused.

Currently, KYC (know your customers) rules are becoming more stringent. A lot of people try to launder drug money through casinos. One way they try to get around the rules is to launder small amounts of cash (less that $2,000) at a time, either by visiting the cashier several times throughout the day, using more than one person to hide the fact that they are really laundering the same cash, or by going to several casinos.

That's why I mentioned the possibility of several cash deposits at the bank over a short period of time - it's a classic technique of attempted money laundering. If a teller sees an innocent looking $110 deposit, but also sees thousands deposited in the past week or two at different branches, it becomes suspicious. The paperwork must be completed to comply with federal law.

As for an upper threshold, there isn't one. But your neighborhood branch is not likely to accept a deposit of large amount of money. First of all, it's highly unusual. Extremely large deposits have to be done at the bank's central cash repository. Second, if it is over their limit of the amount of cash they are allowed to have in the building, they have to refuse it. Third, if the accept a huge deposit, there is the possibility that it is a set-up for a robbery. If someone deposits $100,000 and the bank is robbed 10 minutes later (this robbery was obviously planned), they could lose their bond insurance and the branch is out of business.

There is a heck of a lot regulation that institutions that deal with cash have to follow. It's because criminals are assholes and keep trying to scam, cheat, and steal for a buck. You know, like the White House squatter.

[brush]

61. Thank you. Good info. I especially like your last sentence.

[Turbineguy]

3. Maybe this is just the bank.

Banks that get rolled up in money laundering schemes get fat fines. Putting this threshold in place means people who are depositing drug money will take their business elsewhere.

[Phoenix61]

4. Some banks want an ID if you want a

receipt of the deposit that shows the account balance. Otherwise, it would be very easy for anyone to find out how much money you have in your account.

[Mopar151]

6. And enough info to "draft" your account dry. n/t

[obamanut2012]

24. Yes, my banker friend says this is why they ask for ID

To make sure it is you, because Psycho Exes, grifters, etal can get your banking info.

[handmade34]

5. I'd change banks

if it made a difference...

I guess one of the advantages of small town living is that type of thing doesn't happen nearly as much... last week I wrote my son a 25,000. check (passing on insurance money from his grandfather) and thought there may be a problem but no one at either bank questioned it

[MontanaMama]

7. Never had to show ID

to make a deposit for personal or business banking. I find that odd, especially for $110. Maybe if you were depositing $10,000 cash....I could possibly see it. Good gawd. It's YOUR bank account!! Seems invasive as hell.

I'm taking $1000 cash to the bank here in a while, I'll let you all know if they ask me for identification.

[left-of-center2012]

8. Been with my bank 20+ years

Never show I.D. for a deposit.

[Ligyron]

11. Me either.

Deposit cash all the time too although it's not a lot. Less than a grand monthly.

[LoveMyCali]

10. I deposited $100

in my sisters account the other day and no one questioned it. Guess it's an advantage of living in a small community.

Maybe I just have an innocent face.

[lamsmy]

12. 21st century banking

Can I just point out how strange it sounds to hear Americans talking about physically going to a bank to deposit cash?

Here in Kenya everyone, and I mean EVERYONE, with a phone has a mobile banking app on their device. I can't remember the last time I went to a bank. I pay for everything on my phone and also pay staff directly to their mobile accounts. We sponsor a young fellow upcountry in a remote location yet I can get money to him or his school in seconds.

It's also much better than cash for tracking corruption - a big plus much needed here.

Just saying.

[obamanut2012]

25. I haven't been in a physical bank but once in about eight years

When I HAD to get a cashier's check for something.

[Shrike47]

26. I, in Oregon, pay everything in cash. Don't use debit cards or anything like that. I'm old.

I do think age is a factor.

[wonkwest]

51. Same

All my cash is electronic. I had to go to a teller once for a counter check, and she asked for ID.

Otherwise, everything is direct deposit and cashless on my phone. My fri nds and I Venmo regularly.

[NCTraveler]

15. I have to show ID every day when depositing cash at Bank of America.

That is with me holding two accounts at Bank of America, both substantial, and the newest one is ten years old.

Bank of America does not want you at their drive-thru and they have put policies in place to stop drive-thru use. It isn't as much about the other things. I raised hell over this policy and was directly told by their management they want cash deposits to be done at the drive-thru.

[4139]

33. Yep, BANK OF AMERICA

[KWR65]

17. Your bank is not the government so it can ask for identification for every transaction.

My Credit Union scanned my Id when I opened an account there. This is not some big conspiracy for the government to follow you. The only time they report transactions is when they exceed $10k per deposit.

[mnhtnbb]

18. You should have been with me when I took $3,000+ in cash to the bank in 2000

from a garage sale.

Moving across the country, seriously downsizing, sold a LOT of stuff, including antiques and decent furniture.

They asked for my id at the bank and we joked about drug trafficking.

But $110? That's nuts. Lots of people sell stuff--for cash only--through craigslist or some other similar website. Or get paid in cash for a small job.

[MissB]

21. I live in a big city.

I bank with a credit union, and they have a branch office about two blocks from my office. I can go in there and open an account without showing them any ID. I’ve banked there a long time, and they know me.

One of their employees sends me emails when their CD rates increase, in case I want to open one. If I do, then I just email him the amount I want to withdraw and the name of the account I want to pull the $ from and he takes care of it.

Eventually they’ll get new employees there and I’ll have to make more of an effort (show ID.) But it’s nice when the folks in the bank aren’t strangers.

[obamanut2012]

27. It is against Federal law to not be asked for ID when opening a banking account

[MissB]

32. I won't be offended if they ask for it.

I’m also not going to bust them for not asking for it.

[Cyrano]

35. I wasn't opening an account

I was depositing a small amount of cash in an account thats been active for years.

And when a bank teller says to me the equivalent of "Papers please," I know that America has been fucked beyond repair by our home-grown oligarchs.

[Tipperary]

22. I deposited 900 in cash to mine yesterday. No ID required.

What bank do you use?

[Cyrano]

28. Thanks for the info guys. But ... "papers please"

I'm in Florida and it's a Republican owned state. I have no idea whether this bank thing was a FL thing, a federal thing, or bank policy.

Nor do I care.

Being asked for an ID for depositing $110 in my own checking account is an indication that our country is becoming fucked up beyond repair.

I'm sick of what we've become. I'm sick of the creature in the WH and the troglodytes controlling the congress. I'm sick that 40% of American voters are racists, bigots and morons.

And I'm sick of a country in which virtually anyone can demand: "Papers please."

[The Velveteen Ocelot]

56. If they give you a receipt for your deposit, that receipt will show how much money

you have in your account; they might be trying to prevent some kind of fraud. I don't see this as anything nefarious.

[BumRushDaShow]

62. Not all the time

My bank will give a receipt for the amount of the deposit only without the balance and will always ask whether you want a balance too. If you do, then you would need an ID. Otherwise 3rd parties can deposit for another person. I used to deposit my mom's checks and/or cash and as long as the check was endorsed with her signature and the deposit slip was properly filled out, they carried out the transaction.

[Totally Tunsie]

31. I was asked for an ID for a deposit a couple of years ago,

and when I asked the young teller why, she said "So that we know who you are". I told her I had been a customer of the bank since before she was born, and asked her for her ID. She told me that wasn't how it worked, but I told her if I were giving her my money, I wanted to know who she was. She didn't think that was funny, and called over her supervisor who, fortunately, had known me for years. Transaction completed...never asked again.

[MichMan]

45. Surprised you didn't demand she be fired

I worked as a bank teller many years ago. Used to hate dealing with customers like you.

Nothing worse than making $4.50 per hour and just doing your job, while having some asswipe have a hissy fit about showing their ID. Sorry you might have to go through so much physical exertion just to pull it out of your wallet or purse.

[Totally Tunsie]

64. Sounds like you were wise to leave the profession.

some asswipe have a hissy fit about showing their ID.

I see no reason for name-calling or assuming I was having a "hissy fit", or for your surprise I didn't demand she be fired.

I had done business with that bank for over 20 years and it happened that on that day there was no line for the teller, but there was for the ATM. Putting an $18. check with my name and address on it, using a deposit slip also with my name and address on it shouldn't necessitate me to have to prove who I am, especially when I had never been asked previously. Had I used the ATM, would the machine ask me for ID? I think not.

[MichMan]

66. You might want to read the other replies...

I'm not the only one that thought you were wrong to treat her like that.

98% of the customers I dealt with in banking were great; the other 2% not so much. The polite respectful way to behave when someone asks you for an ID would be to produce it cheerfully and wait for the transaction to be completed, not get snarky with someone merely doing their job. After all, the amount of effort required to produce an ID is so minimal; much less effort in fact than debating with someone about it .

I think you would be better off using an ATM where you don't have to interact wth people.

Oh by the way, I did leave banking because the pay was so poor and I had much bigger goals. Took out student loans and went to college at night for several years to earn my engineering degree.

[Totally Tunsie]

68. "Papers, please"

not get snarky with someone merely doing their job

...but it's OK for you to get snarky and make assumptions about me for relating a story that had nothing to do with you?

You might want to read the other replies...

Yes, I did, but you were the one who resorted to name-calling.

I'm sure you feel vindicated when three posters out of 248,727 registered users agree with you. BTW, at least that number on this thread, including the OP, seem to have the same opinion I do.

Over and out...

[Leith]

47. Don't Do That

She has rules that she has to follow. Being nasty to her for doing her job was just mean.

[cwydro]

53. Thank you.

Bunch of grumpy gus folks around here lol.

[RhodeIslandOne]

52. That was out of line

She's a new teller, she doesn't know your face, she probably wouldn't have asked you the next time after putting a name and face together, but you made life and her job hard for her. That really sucks. And her supervisor was wrong for showing that "the rules" these minimum wage workers have to follow can be bent and they are therefore expendable.

Everyone should have to work a year in some sort of customer service to have some damn empathy.

[crazycatlady]

70. I take it you've never worked at a bank

Everyone thinks that the bankers make the big bucks, but the reality is the tellers (especially new ones) are around $10/hour (when I worked in the industry about 10 years ago-- not sure what it is now). Not that much higher than fast food/retail.

Also in the probationary period (defined as the first 6 months) they can be fired for any reason. You were an unfamiliar face to her. Being an asshole to her might have made you feel good, but in reality you took a shit on a low level employee.

[Totally Tunsie]

73. LOL - I've worked in many a job where I've run into "assholes".

Last edited Tue Jul 17, 2018, 11:57 PM - Edit history (3)

I'd venture most people do. You learn from it, and you toughen up. If this was the worst encounter this young lady ever has (who, by the way, was twisting her hair and snapping her gum while waiting on me), then she's leading a charmed life, indeed. Besides, I asked nothing more of her than she did of me..."Who are you?" Had she not called over her supervisor, it would have been between the two of us, over and done, with possibly a chuckle and a "Nice to meet you".

Here's just a few examples why I'm not a "snowflake" today:
One executive boss I had would stand next to me as I was sitting at my desk and fart in my face. When he didn't like or got bored by what I was relating to him, he run the zipper of his fly up and down as his way of saying "hurry up". Same guy would come to my desk as I was having my lunch and want me to make copies or something similar. When I'd return to my desk, his cigar ashes would be in my salad and his cigar butt in my coffee cup. On Monday mornings, I'd arrive at my desk to find his toenail clippings on my desktop. HR wasn't an option - my boss was CEO and owned the company.

For a few years, I also worked a second job as a supermarket cashier from 7-11 p.m. One night a guy and wife were in my lane and as I was checking them out, guy loudly says to me "How stooo-pid does someone your age have to be to have this as a job?" My supervisor was working the register next to mine, and I could see his head snap back as this transpired. I calmly told guy customer that this was my second job and all the funds I earned at it went into my investment account and that I'd be happily retired, laying on the beach as he was still knotting his tie for his office job. My supervisor laughed and gave me a thumbs up, afterwards congratulating me for handling myself without emotion.

Assholes? Yeah, I've met assholes. Somehow I managed to live a life regardless.

"Being an asshole to her might have made you feel good..."

Having now been called an asswipe and an asshole in this thread, please note that I don't respond in kind. Did calling me an asshole make you feel good?

Peace.

[Doreen]

34. I do not do banks.

I am a credit union person. I never am asked for ID unless I am setting something up that is another branch of business that they deal with ( auto pay. ) It might also have something to do with being in a small town and being at the one in the next town all of the time. Now that I think about it if I use my credit union in another city I do have to use my ID.

[GeorgeGist]

40. I prefer CU also ...

they do ask me for ID when making withdrawals.

[sarcasmo]

36. In my opinion, cash will be illegal by 2030.

[MrScorpio]

37. I haven't had to show ID in years

Just a swipe of my bank card does the trick.

I wonder why they needed to see yours

[Tipperary]

38. A close friend of mine has deposited both money and checks for me.

Never needed ID. Maybe it was a new teller?

If you are that concerned, why not ask the manager?

[Vinca]

39. Tellers who don't recognize me have asked me who I am before accepting a deposit.

I've always wanted to ask them if anonymous people often come into the bank to make random deposits in accounts and, if that's the case, be sure they get my account number. But, I figure they're just carrying out orders so I keep my mouth shut.

[JimGinPA]

41. I Gave My Bank Permission

To allow anyone to make deposits to my account whether they had ID or not. No withdrawals, just deposits.

[Cyrano]

42. They probably took you for some kind

of weirdo who belongs on the no-fly list.

All I can say, JimGinPA, is, be careful. Sane requests in today's America are considered suspicious.

[MichMan]

43. What is the big deal about pulling out your ID anyway ?

I worked as a bank teller many years ago. You would always get some ass griping about having to show ID. Takes you seconds to pull it out of your wallet, quit giving me a hard time for doing my job.

I felt like saying, since you don't think ID is necessary, is it OK if I give out your $$$ to anyone who shows up & says he is you?

[panader0]

49. I always had you pegged for the shady type.....

kidding.

[RhodeIslandOne]

54. It happens with new tellers

Most of the older tellers at my bank know me now.

No big deal. There are a lot of scams out there.

[FakeNoose]

55. I use an ATM and never have been asked for ID

I just deposited a $200 check last night and it went right in.

If you have ATM machines handy (and if there's no additional charge involved) give it a try.

[jcgoldie]

57. Well

My wife wanted to deposit cash into our farm account for me and her name wasn't on it. They told her she couldn't. I went down and threw a fit threatened to take my business elsewhere. They changed their tune.

[MichMan]

59. You showed them!

Last edited Tue Jul 17, 2018, 08:24 PM - Edit history (1)

Hopefully the next time you came in they learned to treat someone with your amount of wealth appropriately

Used to love it when someone would threaten to close their account over some perceived slight. More times than not you would find they had $500 and were overdrawn a few times in the last year.

[jcgoldie]

71. I dont have a lot of wealth

Just had an account in that bank for 35 years since I was like 10 that my grandfather opened for me... the bank has changed 4 times and my account hasn't. If they can't let my wife make a deposit then I'll go somewhere they appreciate my business.

Edit to add I've also been overdrawn before... they charged me $37 each time... not sure why that makes my business less valuable.

[rickford66]

63. Had to show ATM/DEBIT card and drivers license for

1. Breaking a $50 I just got from the ATM even though I showed him the ATM receipt.

2. Cashing in a couple rolls of quarters, but they don't even require your phone number on them like they used to.

But, if a teller recognizes me, no ID required. Also, I don't mind the alerts I've received from VISA because they did catch three fraudulent purchases and I got new cards. It's the world we live in today.

[chillfactor]

65. whenever I deposit money into my checjing account..

I am always asked for my ID for as long as I can remember......I think you are really getting carried away with your post. Good grief!

[fescuerescue]

67. Its unlikely that Trump is tracking you

But its hard to say. It's quite possible that he is eyeing you to be a mule for his Russian money. No one is safe after all.

That's possible, but its more likely it was the bank following the "know your customer" laws and the tellar didn't recognize you.

KYC laws came about in 2001 and came from the second worst president in history.

[TheBlackAdder]

69. If you're a Russian, depositing $50 Million into an NRA bank account, you don't need to show ID.

[GulfCoast66]

72. My credit union always asked for an ID. I respectfully think you are pushing it with this complaint

I mean really, getting upset about your bank asking for an ID? They have your fucking money. They know more about you than your mother does. If they were up to nefarious actions seeing your drivers license means nothing. They have your deposit history, your purchase history and perhaps even your loan history.

I don’t want my bank going strictly by some guy telling my name and then assuming it’s me. Even for cash deposits. What’s to stop him from turning around and saying oh I forgot I need 1000 bucks?

As a victim of identity theft, I think this is a prudent move.

[LiberalFighter]

74. The only time they ask for ID for me is when I take money out.

I usually get my cash from the ATM when I need cash. When I make deposits they don't do ID.