Chase cash deposit, show ID policy
Feb 16, 2014, 11:36 pm
#1
Original Poster
Join Date: Apr 2012
Location: Austin TX
Posts: 276
Chase cash deposit, show ID policy
Anyone else notice a new Chase policy for cash deposits? I mostly ignore the messages that pop up when I'm looking at my account. So this one might not be that new. No $ amount, just 'cash deposits.'
Only account holders may deposit cash into personal accounts, all cash deposits will require you to show ID.
The bitcoin community feels this is a response to the use of Chase to sell bitcoins, but they use buisness accounts so this will not really effect them. Silly bank.
Don't think this matters in terms of MS, but thought it might concern someone if they were not aware of the new policy. So no worries if Chase asks to see your ID when you deposit cash.
Only account holders may deposit cash into personal accounts, all cash deposits will require you to show ID.
The bitcoin community feels this is a response to the use of Chase to sell bitcoins, but they use buisness accounts so this will not really effect them. Silly bank.
Don't think this matters in terms of MS, but thought it might concern someone if they were not aware of the new policy. So no worries if Chase asks to see your ID when you deposit cash.
Feb 17, 2014, 7:26 am
#4
Join Date: Feb 2006
Programs: HH Gold (again), US/UA/DL non-elite, ZE Presidents Circle, WN reluctant no fee convert.
Posts: 1,449
I saw the small signs inside the bank posted with that information. I am glad to know I have to show my ID now as official as I often bristle when I am asked for it when I am depositing (not withdrawing). Thanks haleyb.
Feb 17, 2014, 10:17 am
#8
Original Poster
Join Date: Apr 2012
Location: Austin TX
Posts: 276
Here is a link to Fox News story.
They cite ML risks. It is all about liability, since you can still deposit a MO in another persons account. The only thing this rule addresses is Chase being on the hook for taking cash deposits and not reporting properly.
Last edited by Haleyb; Feb 17, 2014 at 10:27 am
Feb 17, 2014, 12:39 pm
#9
Join Date: Feb 2006
Programs: HH Gold (again), US/UA/DL non-elite, ZE Presidents Circle, WN reluctant no fee convert.
Posts: 1,449
Oh, my, Jaime Diamond by the nape or the suspenders. 
The Fed can do just about anything to JP now...
And, with that, I plan to liquidate my last MO for two weeks and take it straight away to Chase before my branches start getting strict.
Chase is open today...
The Fed can do just about anything to JP now...
And, with that, I plan to liquidate my last MO for two weeks and take it straight away to Chase before my branches start getting strict.
Chase is open today...