Banks requiring Photo ID for cash

[Stephen1]

I've never had to produce a photo ID when depositing cash. Perhaps it's unique to your bank, in which case the best way to get an answer to this question is to ask someone at the bank.

It is not unique to my bank. I have encounter this at more than one bank (not different branches of the same brand). The only answer I have gotten is that it is bank policy. Perhaps it is a regional thing.

 

[Zigner]

My reference to 'cash' being loosely defined was an attempt to take a swipe at how the definition has changed from solely coins and currency to now include cashier’s checks (sometimes called a treasurer’s check or bank check), bank drafts, traveler’s checks, or money orders. When someone says deposits of cash I believe that most people think of only currency and coins not those other paper products.

"Cash" is the shorthand term meant to refer to all the items contained in the description. It is not "loosely defined".

 

[not2cleverRed]

What would a non-customer be making a deposit into? Do you mean that if someone tries to deposit cash into my account, and that person doesn't have an account with my bank, that the bank charges (either the depositor or me) a fee? Or do you mean if someone wants to cash a check at a bank at which they do not have an account?

Well, as a Girl Scout Cookie mom, I was responsible for making sure that the troop paid our cookie bill... At a bank that neither I nor the troop had an account. And although no id was required, they wanted my social security number if I deposited cash. They actually wanted me to say it aloud - I had to insist on being allowed to type it in instead. Even when it was less than $20. Specifically cash, not checks.

Just giving an example of a "non-customer" making a deposit.

I will add that being asked multiple times to state my social security number in a public place for no good reason inspired me to just pay the bill online. My troop's account is at a bank that doesn't require id for deposits, after all.

 

[STEPHAN]

What would a non-customer be making a deposit into?

I know some out-of-town landlords that have tenants deposit money directly into the landlord's account. Just as an example.

 

[quincy]

Another good reason for a bank to check the identification of depositors making a deposit into someone else’s account is to better trace the source of the funds should it later be deemed necessary (e.g., in cases of forged checks, counterfeit money).

 

[FlyingRon]

They probably have a security camera..

Obviously, but its not like I was turning in chips or something. Just 4 fives for a twenty.

 

[quincy]

Obviously, but its not like I was turning in chips or something. Just 4 fives for a twenty.

You apparently have suspicious eyes.

 

[Just Blue]

You apparently have suspicious eyes.

sigh...now I have the song in my head. Thanks, Q.

 

[quincy]

sigh...now I have the song in my head. Thanks, Q.

I bet it’s Elvis’ “Suspicious Minds” that is stuck in your head. “Suspicious Eyes” is not as much of an ear worm.

But ... you’re welcome. Haha.

 

[Just Blue]

I bet it’s Elvis’ “Suspicious Minds” that is stuck in your head. “Suspicious Eyes” is not as much of an ear worm.

But ... you’re welcome. Haha.

Yeah...that's the song. Suspicious Minds...Suspicious Eyes...it's all the same to my tired brain.

 

[quincy]

Following is a link to a recent article pointed out elsewhere (thanks, Blue ) that illustrates one good reason why banks should require ID when accepting deposits.

Not all depositors will be as traceable or as stupid as these six, who published a video of their crime online.

https://www.msn.com/en-us/news/crime/six-ocala-residents-face-charges-for-defrauding-a-bank-after-flaunting-the-crime-online/ar-AARhH5Z?ocid=spartandhp