WF- won't take cash
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WF- won't take cash (by Roy [AL]) May 7, 2018 8:15 AM
       WF- won't take cash (by Sisco [MO]) May 7, 2018 9:08 AM
       WF- won't take cash (by WMH [NC]) May 7, 2018 9:40 AM
       WF- won't take cash (by fred [CA]) May 7, 2018 10:14 AM
       WF- won't take cash (by Roy [AL]) May 7, 2018 10:36 AM
       WF- won't take cash (by James [TX]) May 7, 2018 10:50 AM
       WF- won't take cash (by Robert J [CA]) May 7, 2018 10:54 AM
       WF- won't take cash (by Nicole [PA]) May 7, 2018 11:02 AM
       WF- won't take cash (by WMH [NC]) May 7, 2018 11:40 AM
       WF- won't take cash (by Busy [WI]) May 7, 2018 11:43 AM
       WF- won't take cash (by AllyM [NJ]) May 7, 2018 12:12 PM
       WF- won't take cash (by Pmh [TX]) May 7, 2018 1:39 PM
       WF- won't take cash (by WMH [NC]) May 7, 2018 1:41 PM
       WF- won't take cash (by Pmh [TX]) May 7, 2018 1:48 PM
       WF- won't take cash (by NE [PA]) May 7, 2018 1:58 PM
       WF- won't take cash (by NE [PA]) May 7, 2018 1:58 PM
       WF- won't take cash (by James [TX]) May 7, 2018 2:12 PM
       WF- won't take cash (by Vee [OH]) May 7, 2018 5:42 PM
       WF- won't take cash (by fred [CA]) May 7, 2018 6:25 PM
       WF- won't take cash (by Lynda [TX]) May 7, 2018 7:38 PM
       WF- won't take cash (by BRAD 20,000 [IN]) May 8, 2018 12:06 AM
       WF- won't take cash (by Mickie [OH]) May 8, 2018 3:54 AM
       WF- won't take cash (by Roy [AL]) May 8, 2018 5:39 AM
       WF- won't take cash (by Pmh [TX]) May 8, 2018 10:06 AM
       WF- won't take cash (by George [NJ]) May 9, 2018 7:52 AM
       WF- won't take cash (by hollis [MA]) May 9, 2018 1:44 PM
       WF- won't take cash (by WMH [NC]) May 10, 2018 4:09 AM
       WF- won't take cash (by drew [FL]) May 15, 2018 6:10 PM
       WF- won't take cash (by cjo'h [CT]) May 16, 2018 1:27 PM
       WF- won't take cash (by Danno [IL]) May 19, 2018 2:59 AM

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WF- won't take cash (by Roy [AL]) Posted on: May 7, 2018 8:15 AM
Message:

Just got off the phone with a tenant who attempted to pay rent with cash at Wells Fargo. WF would not accept it,..even in my business account!

I told the tenant to buy a money order at WF and then turn around deposit the money order.

Banks not accepting cash,...it is unbelievable. --68.63.xxx.xx




WF- won't take cash (by Sisco [MO]) Posted on: May 7, 2018 9:08 AM
Message:

I have long read of Big Brother outlawing cash. It seems that they instead are making it less useful. --72.172.xxx.xx




WF- won't take cash (by WMH [NC]) Posted on: May 7, 2018 9:40 AM
Message:

We've had several threads about this lately, Roy. Some bank managers have told some people that business accounts would not be affect, but when I called the main 800, they stressed in detail that they would be. --50.82.xxx.xx




WF- won't take cash (by fred [CA]) Posted on: May 7, 2018 10:14 AM
Message:

Big brother wants to know where the cash is coming from. --99.59.x.xxx




WF- won't take cash (by Roy [AL]) Posted on: May 7, 2018 10:36 AM
Message:

WMH - You were right - business accounts would be affected. I may have to send out a letter to my tenants encouraging them to open an account at WF or start buying Money Orders again.

Like you said in the other post, tenants are withdrawing cash from an ATM and then walking into a WF branch to make a deposit,..however, now the teller won't accept it!

Reality hit home today. --68.63.xxx.xx




WF- won't take cash (by James [TX]) Posted on: May 7, 2018 10:50 AM
Message:

Had a tenant who was able to deposit cash at another branch but was told only until months end. My branch says business accounts are ok with an ID.

Manager at my branch is inquiring up the food chain to get a definitive answer. Apparently some confusion amount the ranks. --47.185.xxx.xxx




WF- won't take cash (by Robert J [CA]) Posted on: May 7, 2018 10:54 AM
Message:

Under the terms of Wells Fargo's settlement with the government, that's the ONE BILLION DOLLAR FINE, Wells Fargo has to change the way they have done business or else. --47.156.xx.xx




WF- won't take cash (by Nicole [PA]) Posted on: May 7, 2018 11:02 AM
Message:

I don't deal with WF or any other large bank. However, how can a business not make a cash deposit? What about the grocery store? WalMart? Convenience Stores? Gas stations? they all receive cash from customers that end up in the bank accounts. --72.70.xxx.xx




WF- won't take cash (by WMH [NC]) Posted on: May 7, 2018 11:40 AM
Message:

A person who is not an owner/signer on an account may not deposit to that account. --50.82.xxx.xx




WF- won't take cash (by Busy [WI]) Posted on: May 7, 2018 11:43 AM
Message:

Zelle, and no problem. --172.56.xx.xx




WF- won't take cash (by AllyM [NJ]) Posted on: May 7, 2018 12:12 PM
Message:

I had to show my driver's license before BofA would take an $1,100 cash rent payment last month. And I am one of their top tier depositors. So I am using the cash. I paid property tax with $1,100 cash today. It didn't really cover the whole cost as I had to add a check for $300. --73.178.xxx.xx




WF- won't take cash (by Pmh [TX]) Posted on: May 7, 2018 1:39 PM
Message:

if it is a “personal” account it will not be accepted. If it is a real business account then bank will take cash. that is what I have been told by wfb treasury. --104.218.xxx.xx




WF- won't take cash (by WMH [NC]) Posted on: May 7, 2018 1:41 PM
Message:

PMH, I've already had tenants turned away from my business accounts. Branch manager said it shouldn't have happened. Called the 800 and they said it applied to ALL accounts. --50.82.xxx.xx




WF- won't take cash (by Pmh [TX]) Posted on: May 7, 2018 1:48 PM
Message:

it is the branches who are confused then WMH. sorry about your tribulations. --104.218.xxx.xx




WF- won't take cash (by NE [PA]) Posted on: May 7, 2018 1:58 PM
Message:

I'm surprised seasoned landlord's deal with big banks at all. Small banks are so much more flexible regarding loans that it makes more sense to be with the small ones for other stuff as well.

Wells Fargo ended for me in 08-09 when I went in there to cash a check and they wanted my fingerprints. Haha. No. --50.107.xxx.xx




WF- won't take cash (by NE [PA]) Posted on: May 7, 2018 1:58 PM
Message:

I'm surprised seasoned landlord's deal with big banks at all. Small banks are so much more flexible regarding loans that it makes more sense to be with the small ones for other stuff as well.

Wells Fargo ended for me in 08-09 when I went in there to cash a check and they wanted my fingerprints. Haha. No. --50.107.xxx.xx




WF- won't take cash (by James [TX]) Posted on: May 7, 2018 2:12 PM
Message:

My branch manager reported back to me that upon verifying with higher ups Business accounts CAN accept cash with ID. He put in a courtesy call for me to another branch who earlier today informed a tenant the opposite. Other branch concurred accepting cash in business accounts was OK and they would accept them. Hope it sticks. --97.99.xxx.xxx




WF- won't take cash (by Vee [OH]) Posted on: May 7, 2018 5:42 PM
Message:

Hello ACH, solve many problems. --76.188.xxx.xx




WF- won't take cash (by fred [CA]) Posted on: May 7, 2018 6:25 PM
Message:

I just closed my last account at WFB.

I was a customer since 1976. --99.59.x.xxx




WF- won't take cash (by Lynda [TX]) Posted on: May 7, 2018 7:38 PM
Message:

I hate the riga-marole at WF. I pay a manager (American) of my condo in the Dominican Republic $25/mo. It became too much to drive across town so many times, so I tried to pay ahead $100/qtr into his US Wells Fargo bank acct. They refused. They wanted me to open an acct with them, then transfer from one internal acct to another. If it was just a paper drill I was willing--but I found out a new acct in WF requires a $1500 minimum balance at all times! You have to pay $1500 for the privilege of banking there?? Imagine, they had a problem with a crumby $100 every 3 months! Ah, NO!

I doubt your tenants, or anyone for that matter, has an extra $1500 to just sit around in acct for the convenience of the bank. --108.87.xx.xxx




WF- won't take cash (by BRAD 20,000 [IN]) Posted on: May 8, 2018 12:06 AM
Message:

Roy,

But will they take Bitcoin??:)

BRAD --68.50.xxx.xxx




WF- won't take cash (by Mickie [OH]) Posted on: May 8, 2018 3:54 AM
Message:

I don't care for the bigger banks. I find them morally and fiscally corrupt for the most part (their law suites ans SEC run ins speak volumes). I deal with local banks and credit unions where I get better customer service. My day job is in the IT world at one of the big banks where I could have free accounts but I'll never open an account with them. I see too much of how they go about doing things.

So If refusing to accept cash deposits becomes a trend with other banks I wonder if the Amish will start paying their bills in chickens, pigs, and cows? Wonder if Amish landlords will pay mortgages that way and will the banks react to that one. Lol --174.233.x.xx




WF- won't take cash (by Roy [AL]) Posted on: May 8, 2018 5:39 AM
Message:

Mickie,

Smaller banks/credit unions will eventually follow suit. The only rationale for this new policy to get everyone to bank electronically and move to a cashless economy.

--68.63.xxx.xx




WF- won't take cash (by Pmh [TX]) Posted on: May 8, 2018 10:06 AM
Message:

re cash deposits: the signs posted in wfb lobby states “by account holder or signer on the wfb consumer or savings deposit account”. --166.137.xxx.xxx




WF- won't take cash (by George [NJ]) Posted on: May 9, 2018 7:52 AM
Message:

Chase bank is the same with cash, nothing like inconveniencing your customers, very annoying. --174.225.xx.xx




WF- won't take cash (by hollis [MA]) Posted on: May 9, 2018 1:44 PM
Message:

Hey,...soon when you will go to your bank to gett 100. dollars of cash,..they will want you to tell them what it is for,.. --66.30.xx.xxx




WF- won't take cash (by WMH [NC]) Posted on: May 10, 2018 4:09 AM
Message:

Showing ID: are they photocopying and storing that ID? Because otherwise it makes no sense. The policy is supposed to prevent "money laundering" by having random unknown people deposit cash. But just showing an ID is not going to prevent that - the teller isn't going to remember the info on the ID! --50.82.xxx.xx




WF- won't take cash (by drew [FL]) Posted on: May 15, 2018 6:10 PM
Message:

what is the best way to except rent currency ? --172.243.xx.xx




WF- won't take cash (by cjo'h [CT]) Posted on: May 16, 2018 1:27 PM
Message:

I'll be glad to take it off your hands,Doesn't matter from what country either .£,€, even Francs.......Charlie...................even the olde English pennies the older,the better..................................... --174.199.x.xx




WF- won't take cash (by Danno [IL]) Posted on: May 19, 2018 2:59 AM
Message:

One of my credit cards is with Bank of America [Its predecessor was MBNA America]. I like to go directly to the bank branch to pay my monthly billing statement [ I just love the peace of mind and satisfaction with having that paid receipt already attached, and the account is settled!]. Last Summer, they instituted the policy that they needed to see and record my ID when I proceeded to pay my bill in cash. To this day, I don't understand why they do this. To see whether I'm trying to pass bad bills? Trying to determine whether I'm a money launderer? --99.203.xxx.xx



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