Cashin’ In Cash (October 26, 2015)

. . .

D          “You’re kidding?  I can’t withdraw all my money.  I could swear this looks like a financial intermediary.”

. . .

D          “I can’t withdraw my money and you want to monitor my deposits of cash on behalf of the government?”

. . .

D          “The government does not need to know everything.  If you protected our privacy when we sought to deposit cash, you might attract more deposits and have enough funds to allow me to withdraw $3000 or $3500.  Just a thought.”

. . .

[See the e-commentary at Monitoring The Masses: The Card And The Chip (January 12, 2015).]

Bumper stickers of the week:

In November, we’ll begin requiring a valid identification (ID) for cash deposits made with our tellers.  Bank of America

In November, cash withdrawals are limited to $2500 in a business day.  Local Credit Union

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