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

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3
votes
3answers
158 views

How to minimise the risk of a reduction in purchase power in case of Brexit for money held in a bank account?

With the Brexit referendum looming, one of the foreseen consequences in case Britain leaves the EU is a diminished purchase power for the British Pound Sterling. What would be the best way to ...
3
votes
1answer
82 views

Is cash (from sale of equities, other property or savings) taken into account for mortgage affordability?

Imagine the following scenario: Gross annual income - $100k Cash (from property equity, shares, saving etc) - $100k No debt. Down payment - 20% (e.g. $20k) to be taken from cash pot. Mortgage - ...
0
votes
1answer
39 views

Can I cash or deposit a American Express Travelers Cheque if it does not have my signature at the top?

I am in Orange County California, and I went on a trip with my Aunts & Cousins, all of us exchanged our money at once. We can our money to my Aunt, and she gave us checks with her signature on the ...
1
vote
2answers
196 views

Any creative options for purchasing a used vehicle with cash

Ok so we are planning on purchasing a used vehicle for no more then 16k. We have the cash in hand and so it got me thinking. What options are there to fully take advantage of this situation? My ...
-1
votes
1answer
72 views

Can I withdraw cash from margin?

Let's assume I have $100,000 worth in stocks: $50,000 I paid for in cash and the other $50,000 on margin. Can I sell the shares bought on margin and withdraw those $50,000 out of the brokerage account ...
7
votes
1answer
192 views

Am I required by law to have cash register for my small business (California)?

We have a Point of Sales terminal to handle all credit card transactions. The credit card processor company sends us 1099K form that we use for tax purposes. This works fine for our small beauty salon....
-1
votes
1answer
158 views

One million dollar in cash once or the ability to always draw a 5 dollar note out of your pocket (infinite times)? [closed]

What would you pick? Note: If you want to get 5000 bucks out of your pocket, you need to draw 1000 times...
0
votes
1answer
115 views

Google Finance Cash Flow Statement

I currently use Google Finance to do most of my stock screening and analysis. However I have recently started learning about cash flow statements and how to analyze them. The screenshot below shows a ...
1
vote
1answer
118 views

Cash back at a grocery store; are there disadvantages besides those inherent in cash?

Suppose I need cash. Suppose I also need groceries. I go grocery shopping, and when it comes time to check out I also use that neat cash back thing, where I "spend" $20 off my debit card, and get $...
0
votes
0answers
73 views

Is usage of someone else's bank card allowed?

If I gave my bank debit card from Payoneer with my name on it (but no photo and signature) to friend of mine, is he allowed to withdraw money from my card in the branch of the bank using cash desk? ...
3
votes
2answers
124 views

Car dealers offering lower prices when financing a used car

I recently went to a Nissan dealership to buy a used car. They are claiming that they can offer me a price that is over $2000 less if I finance with them, instead of paying in cash. Is this a ...
1
vote
2answers
52 views

Transfer cash from india to US

I moved from India to US on H1B last year. I have landed some money to my brother for some business without any interest. Now I would be receiving that money back from him. I need to transfer that ...
1
vote
2answers
124 views

New car cash vs finance

I looked at Alfa Romeo's UK webpage: So if I purchase outright, the dealer gets 23,830 cash now But if I use their finance, they get a total of 21,541 less finance costs in 4 years This sounds ...
4
votes
3answers
596 views

Investment strategy for retired couple

My parents are retired (71 and 75), their house is paid off, and they have a moderate amount of savings between some IRAs and bank accounts. All of their savings is in cash or money markets, and it ...
12
votes
2answers
2k views

In which situations is it better to consider a loan instead of paying cash?

I live in France where credit cards are less widespread than in the U.S. The default account for us is a checking account. Often you can't spend more than what is in your account; otherwise you have ...
2
votes
4answers
119 views

Roth vs. Whole Insurance vs. Cash

Long time browser, first time poster in "the stacks." Please forgive and inform me of any mistakes I make. I recently graduated college (23 years old) in the US and have started my first salaried ...
4
votes
1answer
1k views

Coin counting machines in UK bank branches

A colleague recently mentioned to me that many HSBC branches offer self-service coin counting machines - you tip a bag of loose change in, and it credits it to your account. No need to queue up and ...
1
vote
2answers
257 views

How are money market mutual funds just as risky as cash?

Foreword: In this question, I ask NOT about default risk. Abbreviate 'money market mutual funds' to MMMF. MMMF are a type of mutual fund, which is always riskier than cash, per this MoneySense ...
4
votes
4answers
28k views

How to withdraw large sum of cash from checking account

Suppose you have 100k in a US Chase checking account. Is it possible to withdraw 100k of cash from the bank? I searched around and saw that banks only let you withdraw a couple thousand dollars, which ...
6
votes
2answers
732 views

Buying my first car: why financing is cheaper than paying cash here and now?

I'm buying my first car and I'm a bit puzzled. Here you can see price for 2015 Toyota Camry Hybrid XLE (archived). You can see that MSRP is $34,435, but the dealer is making discount of $8,609, so ...
0
votes
2answers
281 views

A way to store money in something like a credit card without my name on it? [closed]

I need to travel abroad, and one of the ways I thought I could easily take money without it being in a form of cash is to buy something. Gift cards obviously is a bad idea - it's limited amount ($100 ...
2
votes
1answer
69 views

Indian tourist needs money in Atlanta

My Indian friend visiting Atlanta needs money. He has no US Id. How can he get money from a US bank account of my US resident friend in New York
2
votes
0answers
73 views

Can I earn more on my cash savings and still keep it liquid and low risk? [duplicate]

So, my wife and I do a pretty good job of budgeting and saving for things, which means we have a lot of cash laying around. Between a $15k emergency fund, savings for car replacement and repairs, ...
4
votes
2answers
439 views

If I buy goods for a friend, and then he pays me cash and i deposit it. Will I get in trouble?

I have a friend from Mexico that asked me to buy flight tickets for him. Its about 2,000 dollars, and he's going to give me the money in cash so I can deposit it in my account and pay my credit card. ...
-4
votes
3answers
282 views

What to do with $50,000?

I've been splitting my paycheck into two banks, 80% weighted towards a high yield savings account (0.9% interest) and a local credit union for ATM access to cash. All of my other payments are through ...
6
votes
1answer
601 views

What scrutiny to expect if making large purchase with physical cash? [duplicate]

I tried googling this but most answers that came up were regarding "cash" as bank deposits that a check is normally issued against. Not "cash-cash" or physical cash, as a bunch of bank notes. Say ...
4
votes
1answer
1k views

I withdrew cash from U.S. ATM (not U.S. bank card) and put it into U.S. bank. Is it taxable income?

I'm filling tax return forms 1040NR-EZ, 540NR-short for non-resident (I was exchange visitor in U.S.). When I was in U.S., I withdrew cash from an ATM using a card from an account of mine at a non-US ...
6
votes
5answers
6k views

Why I cannot find a “Pure Cash” option in 401k investments?

I am of an opinion that I should decide where my money should get invested and if it should get invested at all or not. When I looked at the investment options I have with my 401k money, I figured ...
0
votes
1answer
125 views

Closed out old 401k. Rollover and cash out option. Received wrong amounts

I decided to cash out and rollover my old 401k. I requested a check for some amount after the taxes, and the rest be rolled over into my new 401k. However, instead I received 3 checks: 2 of which ...
4
votes
1answer
198 views

Tangible alternative to paper U.S. savings bonds?

When I was little, it was fairly common to get US Savings Bonds from relatives. It introduced me to savings, financial instruments, and the idea of delayed gratification. I know there are 529 plans, a ...
0
votes
1answer
97 views

Calculation of excess cash for company valuation

I originally mistakenly posted my question as part of another discussion on the topic. It has been immediately transformed into a comment that is unlikely to bring an answer, hence posting it here ...
3
votes
2answers
4k views

Can a Foreigner cash a US issued Check in the US?

I have received an American check from a large US bank as payment for stocks that I sold in the US. I am not american, and I will be in the US shortly. I need to know if and how I could cash this ...
5
votes
2answers
6k 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
319 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
votes
2answers
585 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
983 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
votes
2answers
120 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
145 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
vote
2answers
166 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
430 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, ...
2
votes
3answers
46k 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
votes
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
112 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 ...
-3
votes
1answer
143 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 ...
2
votes
0answers
45 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
votes
2answers
331 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
2answers
527 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
204 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 ...
9
votes
4answers
9k 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
129 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 ...