Went to a Chase branch to pay my CC bill that just arrived on Tuesday, a bit over four hundred dollars, handed him cash, four hundred dollar bills and one fifty.

He acted hesitant then asked me for my drivers license to process the payment. I can understand if I was taking money out of an account or getting a cash advance but having to prove who I am to pay my CC bill?

I could understand if I was doing a multiple thousand dollar payment but realistically, four hundred dollars is like one tire on my daily driver mounted and balanced out the door.

Both charges were for eBay purchases, one was around $380, the balance was about a week later, both show up on the statement as eBay.

So, opinions? No didn’t ask if this a Chase policy, didn’t want to make a big deal of it but I got to thinking about it later on.

Standard at virtually every bank now. I think no matter the fed requirements, they've dumbed it down to just require ID with deposit.

I have on two occasions asked if there is any way to designate my account as open for deposits from ANYONE who shows up trying to put money in. Apparently they didn't think I'm as funny as I am.

No, never was asked for ID for similar transactions*, nor with making deposits (unless cash was withdrawn at the same time).

*Before Capital One discontinued the relationship with Walmart, I frequently made cash or check payments in-store. One employee, apparently new, was bewildered and had to have a supervisor process it, but still no ID needed. I have also made cash payments for my Cabela's/Bass Pro Mastercard (also a Capital One) at their stores, again, no ID.

Probably more to do with counterfeit bills, incase later on they find one and want to know who gave them cash during the day.

quote:

Originally posted by fischtown7:
Probably more to do with counterfeit bills, incase later on they find one and want to know who gave them cash during the day.

Doubt it. When I gave them a hundred dollar bill and asked for small bills, they never asked for any ID.

quote:

Originally posted by fischtown7:
Probably more to do with counterfeit bills, incase later on they find one and want to know who gave them cash during the day.

^^ THIS

awhile back (30 yrs) I needed some money in an account to pay some bills, and they wouldn't let my GF put money in it, I was out of town

I raised hell, and told them to never stop anyone from putting money in my account, freakin let em

broke up with her and nobody else ever tried to put money in my account again, but... WTF

Chase Bank is the worst. don't get me started on the issues I had with moms estate. Run..run..fast

I recently sold a car, went to Navy Federal Credit Union to deposit the check. They required ID. I told them that the ID requirement is great for anyone trying to take money out of my account, but please do not put any roadblocks in the way of anybody who wants to put money in. I don't care if it's a midget transvestite in a pink bunny suit, just take the money and put it in my account.

Once the cashier stopped laughing, she told me that ID was required for any transaction of more than ten thousand dollars. She said that if the check had been $9,999.99 or less, she would have been able to accept the deposit without asking for ID, although ID would be required if the depositor wanted cash back.

quote:

Originally posted by fischtown7:
Probably more to do with counterfeit bills, incase later on they find one and want to know who gave them cash during the day.

Not that. How would they know where any one bill came from? Any teller worth his salt would know a counterfeit right off anyway unless it was one of the really good ones like they make in North Korea. And . . . even then.

quote:

Originally posted by shovelhead:
Went to a Chase branch to pay my CC bill that just arrived on Tuesday, a bit over four hundred dollars, handed him cash, four hundred dollar bills and one fifty.

He acted hesitant then asked me for my drivers license to process the payment.....

That makes no sense. $4,000 maybe, but $400 of today's Monopoly money is nothing anymore.

I went to Chase Bank a couple of weeks ago with $36 in rolled coins . I just wanted to deposit them . I had to show ID . I guess the Feds are afraid I might be laundering money $36 at a time .

My mom lives overseas (US citizen) and is having ever more difficulty with banking and investment accounts in the USA. I currently have a check to deposit in her Bank of America account, and this thread has me curious what will happen.

Trump's proposal to end taxation for citizens living abroad would probably solve all her problems.

Never had any trouble depositing cash but it's a regional bank where I know the staff at the branches I use.

If you're brave, most ATMs are set up to receive cash deposits now, though I have a $50 limit on what I'll deposit that way.

quote:

Originally posted by Mr. Peteroniman:
broke up with her and nobody else ever tried to put money in my account again, but... WTF

That was the bank's fault. I don't think you should have taken it out on her....

Chase required me to provide ID AND a copy of my cc bill in order for me to pay them in cash. I had left my DL at the gun store, so I gave them my concealed carry permit, state issued. Nope, driver's license or nothing. Now I do most of my banking with a local bank. Chase only provides the services they can't handle. Oh yeah, I almost forgot-they tried to put a hold on a 160k certified check from a real estate transaction. But that's okay, B of A tried to repossess my house. Wrong account number, you know. Ooops.

quote:

Originally posted by Fredward:

driver's license or nothing.

Some bank people be cray-cray. Just tell them "I don't have a DL, they took it away after The Incident. How about a passport? Will that do the job for you?"

AI says: Banks require ID for deposits to help prevent fraud and money laundering, and to comply with regulations:

Know Your Customer (KYC) requirements
Banks use KYC to verify customer identity and keep information up to date. This helps banks detect and prevent financial crime, such as identity theft, money laundering, and terrorist financing.

Government regulations
Some transactions require ID verification as part of government regulations.

Bank Secrecy Act (BSA)
The BSA requires banks to keep detailed records and report suspicious activity, such as large cash deposits. Banks are required to report deposits over $10,000 to the federal government.

Customer Identification Program (CIP)
The CIP requires banks to obtain, verify, and maintain customer information, including a government-issued ID number.

Protect customers
Tellers are responsible for protecting customers by watching for potential fraud.

•Deposit rules vary by financial institution. For example, some businesses may ask for ID when depositing cash over $300.

When my mom is out of the country for few months, I have to take care of her bills. I once walked into a Chase bank with her bill. Walked to the teller and told her I want to pay my mom's bill and handed over cash. They will not accept my cash payment, even after I showed my ID with the SAME Last Name and Address as my mom's. They asked me to write a check instead, then they accepted payment. The reason? I am not sure. Did not even ask.

I now pay her bills on-line.