Tagged Questions

For questions relating to paying in cash, cash deposits, accepting cash, cash on financial statements, etc.

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1
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2answers
120 views

What kind of credit card transactions generally count as a cash advance?

I understand that if I use my credit card to get cash from an ATM, that counts as a 'cash advance'. Are there any other credit cards transactions that don't involve taking cash from ATM that count as ...
2
votes
1answer
175 views

found a 1994 uncashed profit sharing retirement plan check

I found an old un-cashed check dated 1994 for $487 from my Xerox Retirement plan with no expiration date. Can I still cash it?
0
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2answers
175 views

Making money by using cashback option against a paypal and credit card account

My Mastercard gives me 1% cash back. I can set up a paypal account against my master card. Now what is the catch in this scheme? 1.Transfer 1000 dollars from mastercard to paypal( this does not cause ...
1
vote
1answer
81 views

How much cash in INR can I bring to India

While traveling to India from Canada as a Canadian citizen, how much cold hard cash in INR am I allowed to bring to the country? I dont want to use credit card and pay FX conversion fee of 2.5%
0
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2answers
73 views

Combine credit card cash back with other cash back offer

At this website you can buy gift cards and get cash back. Now I have a credit card that gives 1% cash back. If I use it to purchase a gift card here, will i get 1% back from credit card and on top ...
4
votes
1answer
127 views

Should I exchange my Scottish pounds for English ones? [closed]

If Scotland becomes independent, is there a risk that Scottish pound notes will become less valuable than non-Scottish notes?
1
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2answers
68 views

Credit Cards drawn as Cash Advance to the max and moved abroad altogether [duplicate]

I came to know through one of my friends that one of his colleagues, who lived and worked in US for 6+ years completely relocated to his home country (and no plans to return) and settling there. He ...
1
vote
5answers
213 views

How can I take advantage of credit card cash back programs?

I have a credit card that offers cash back (1%) on every purchase. Now there are some stores in Canada that have their own cash back (a.k.a...if you buy something for 5$ and charge 100$ to the card, ...
0
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2answers
871 views

Can I cash in a ripped bill?

For example say I have a $100 bill. If I rip it up into 2 halves, and try to cash in each half at a different bank location, could I gain $100?
4
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1answer
1k views

Will moving significant amount of cash by using debit card cause problems in the USA?

Let's say I'm withdrawing money from my debit card(issued by bank from my country) and depositing them in the US bank account. Will it cause some kind of problems? The total amount is a bit below ...
3
votes
2answers
70 views

are there any special procedures for managing non-petty cash?

We need to pay for a lot of purchase by Cash On Delivery here in Japan. Are there any special procedures I should use to manage this cash account? I've read many articles on Petty Cash management but ...
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1answer
91 views

Cash needed at low interest for one year. What kind of loan might be appropriate?

I need to borrow about $10k in cash and was wondering what would be the best way to do so(In which I do not have to pay a lot of interest). I need this money for exactly one year. My credit score is ...
1
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0answers
36 views

How to exchange a heavy box of mixed-denomination coins? [duplicate]

I'm living in the UK and I'm about to move flat. In the five years in my current flat I've accumulated around 20kg of mixed coins - from £0.05 to €2 at a glance. Are there any easy ways to exchange ...
0
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2answers
133 views

Understanding the T + 3 settlement days rule

If I: Buy X at time T Sell X at time T' where T' < T +3 Buy Y on T' with proceeds from sale of X. Cannot sell Y before T' +3. Ref:http://www.slideshare.net/mring33/using-java Slide 29 It ...
2
votes
1answer
338 views

Passing money through a different account to avoid cash pay-in fees

I have recently sold some company assets (not a large figure) and the buyer insisted on paying cash. My question is, my BUSINESS bank charge 0.6% on cash deposits, which is annoying - In theory, is ...
2
votes
1answer
97 views

What happens to a cashed out Roth IRA in a divorce settlement?

The husband's Roth can be cashed out (has had it over 5 years and is over 59 1/2). The wife has been granted the Roth in the property settlement. The wife needs the cash. If the husband cashes ...
7
votes
4answers
1k views

If someone gives me cash legally, can my deposit trigger an audit for them?

I understand that making a large cash deposit can trigger an IRS audit. I have about $75K to deposit. It's a mix of a loan I made to a friend by check that he paid back in cash, and a cash gift from ...
0
votes
1answer
84 views

Does cash back apply to online payments with credit card

In this review of MBNA cash back master card they list several points by which you can get cash back every time you use the card. About this point: And, you’ll always earn 1% cash back on all of ...
1
vote
1answer
2k views

Where can I exchange small bills for larger denominations?

I have sizable pile of cash (around $1000) that was donated by a number of people and intended to be a gift to someone else. The problem is that, because it came from lots of people, it is mostly ...
-5
votes
2answers
192 views

Can IRS detect cash used to pay mortgage as income? [closed]

Simple question: hypothetically, assume I had cash every month that I did not want to deposit (e.g. if I had renters paying cash for rent or some such income). If I took that cash directly to my ...
1
vote
0answers
77 views

A friend is trying to buy a house & needs cash quickly. Which option is better: cash advance, balance transfer, or what? [closed]

It's an emergency cash need for a friend. I was trying to analyze based on the various options what is the best way to go about this. Friend needs to arrange funds in a week. Please compare based on ...
2
votes
1answer
206 views

Spain: Cash deposit(s) into Spanish bank account taxable?

My partner has recently sold her flat in the Ukraine and returned to Spain with €30,000.00 in cash. We've been told that if we deposit this money into her Spanish current account it will be subject ...
5
votes
5answers
467 views

What should I do with the change in my change-jar?

My change-jar is full, mostly with denominations < 50p. Last time I emptied it, I took it to a machine at the supermarket: ...but it charged me for the privilege of turning my change into usable ...
7
votes
5answers
1k views

Mortgage vs. Cash for U.S. home buy now

I was sure this question must have been asked and answered here long ago, but I've looked and can't find quite this question, in its most direct/blunt form, which is: If you can do it, when is it ...
4
votes
2answers
245 views

Spain: Convert cash to electronic money?

I am in Spain, have some cash, and would like to move that to a German bank account. I asked at Deutsche Bank Spain, and they said that to do that, I would need an account at their bank. Note that ...
4
votes
1answer
172 views

Apple's Cash Pile

According to this article (and many others), Apple has a massive cash pile of 137 billion. However, if I look at their Financial Statements, it shows (as of 2012-12-29) they only have 40 billion in ...
2
votes
1answer
534 views

How To Transfer Money Online So The Other Person In Another Country Receives It In Cash?

We all are familiar with famous international money transfer service - Western Union. Most use their locally available branches in their country to send money so the other person receives money in ...
7
votes
5answers
232 views

Advice on low-risk long-term strategy for extra cash?

Basics no debt; no dependents; early thirties 401K is maxed (5% company match) ESPP is maxed out 10% Roth IRA is maxed out salary is about 115K 100K cash in a checking account Question I am ...
7
votes
4answers
2k views

New car price was negotiated as a “cash deal”. Will the price change if I finance instead?

I am planning to buy a new car. I went to a dealership and when talking to a sales person I said I can pay cash. He knocked down the price quite a bit. Since the dealership did not have any low APR ...
10
votes
3answers
13k views

Would depositing large cash amounts cause problems?

I saw an article recently where a man withdrew $600,000 USD in cash from his bank. I'm sure many folks here would advise against this move for obvious (and perhaps not-so-obvious) reasons. My ...
2
votes
1answer
174 views

How much in cash equivalents should I keep in the bank? [duplicate]

Possible Duplicate: As a general rule, how much in “liquid” emergency savings should I have? I recently started my first job and now have more money than I've ever had in my ...
0
votes
1answer
354 views

Cashable, Depositable Or Redeemable On Invoice?

I will be issuing invoices to my customer very soon. I don't know whether I will be cashing or depositing the cheque sent in for payment. What is the best way to communiate this to my customers? ...
0
votes
1answer
184 views

In which European countries do ATMs impose an extra surcharge for withdrawals?

Usually you pay a fee (if any) set by your bank for withdrawing money with your Visa/MC card from ATMs other than those your bank owns, but some ATMs charge the customer an extra fee on top of that ...
5
votes
3answers
1k views

Scottrade cash interest?

I'm looking into opening a Scottrade account in the future, and was wondering if they pay interest on cash in your brokerage account? Are the rates published anywhere?
4
votes
2answers
9k views

How do you determine “excess cash” for Enterprise Value calculations from a balance sheet?

The formula for Enterprise Value that I often see is: EV = Total Debt + Market Cap - Cash Often "Cash" is refined further as "Excess Cash" in this formula. My question is how can I determine the ...
5
votes
1answer
122 views

Stocks and Shares ISA: What are the options for “near cash equivalents”?

What are the options in terms of 'near cash equivalents' that you can hold in a stocks and shares ISA?
10
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7answers
735 views

If accepting more than $10K in cash for a used boat, should I worry about counterfeiting?

I'm selling a boat through a broker (a friend of a friend) taking a consignment. The buyers offered to pay in cash, but want the bill of sale to say less than the actual price for tax reasons. ...
5
votes
6answers
2k views

Why would a bank take a lower all cash offer versus a higher offer via conventional lending?

There seems to be a a belief that a bank or individual will always take cash over conventional financing from a buyer, even if the buyer who is purchasing through conventional financing offers a ...
4
votes
2answers
350 views

Can someone earn money from Credit Card Cash Back by buying and selling back and forth?

If I understand cash back programs correctly, the Credit Card companies give you back a percentage of the money you spent on a purchase. 1% would give you back $1 on a $100 purchase. If this is the ...
7
votes
2answers
356 views

How to use a cash budget and buy items online?

Using a cash budget, say we save $100 for household items. Typically, we would withdraw $100 from the ATM, put it in an envelope, and then later, go to home depot or walmart or wherever and buy an ...
3
votes
2answers
856 views

Tracking my spending, and incoming and outgoing (i.e cashflow)

I currently use AceMoney to track my spending, but, it gets a bit tedious. I like to track everything coming in, and going out. I'm self-employed, I have an "account" for every client, and another ...
2
votes
3answers
1k views

Which banks have cash-deposit machines in Germany?

Which banks in Germany have machines that you can put cash in and it appears on my bank account (opposite of cash withdrawal)? I am not interested in the kinds that you put the cash in the envelope ...
42
votes
5answers
32k views

What is the best way to accept payment when selling a used car?

I plan on selling a used car via Craigslist, and I hope to get between $4-5K for it. I don't want to take a check from a stranger, but I'm concerned that no one will be willing to show up at my house ...
4
votes
3answers
480 views

Long Term Cash-Equivalent ETFs for “cash” allocation

My retirement account goal analyzer advises that I keep 3% in cash. My retirement date is over 30 years from now, so I can tolerate heavy volatility and certainly don't need liquidity. Does it make ...
3
votes
3answers
194 views

What forms of payment am I compelled to accept?

In relation to this question about maximum amounts a check can be written for If I sell something like a car or other expensive item on Craig's List or in the local paper classifieds, am I compelled ...
3
votes
1answer
194 views

Home Renovation Tax Credit (HRTC) - Can I still claim it even if I pay cash?

Can I still claim the Home Renovation Tax Credit even if I pay cash?
7
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4answers
2k views

For a major expensive home renovation (e.g. addition, finished basement, or new kitchen) should one pay cash or finance with a loan? Would such a loan be “good” debt?

This other question is similar, but was referring to a specific renovation/repair (new flooring) that, while expensive ($1500), isn't very expensive – it's feasible to consider saving up for ...
7
votes
5answers
895 views

Home Renovations are expensive.. Should I only pay cash for them?

Should I save up enough cash to do home renovations, or can I take out a loan? Our house needs a new kitchen floor as the linoleum is actually ripped in some areas, and the wood is exposed... This is ...
20
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13answers
16k views

As a general rule, how much in “liquid” emergency savings should I have?

I'm buying my very first home next week, and should be receiving the $8,000 first-time home buyers tax credit. A majority of my savings are going to the down-payment of the house, but we still have a ...