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

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2answers
188 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 ...
-1
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0answers
132 views

What happens if bombardier files for bankruptcy? [closed]

Bombardier Aerospace (BBD/B (TSE)) is currently at Market Cap of 2.658B, stock has fallen to half its value in 2 months. What happens to the equity holders if they go under and what happens to they ...
3
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3answers
448 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 ...
5
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2answers
233 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
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2answers
206 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
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1answer
66 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
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0answers
72 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
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2answers
158 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. ...
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3answers
139 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
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1answer
228 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 ...
3
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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 ...
4
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4answers
1k 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
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1answer
107 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
148 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
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1answer
64 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
1answer
996 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 ...
3
votes
2answers
2k 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
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1answer
218 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?
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2answers
349 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
515 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
106 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
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1answer
142 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?
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2answers
99 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
321 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, ...
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3answers
16k 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
98 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
108 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
223 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
385 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
163 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
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4answers
5k 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
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1answer
103 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
9k 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 ...
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2answers
918 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 ...
2
votes
1answer
466 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
634 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 ...
8
votes
5answers
2k 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
323 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 ...
5
votes
1answer
223 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
647 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
245 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 ...
8
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4answers
4k 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 ...
11
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3answers
22k 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
216 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
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1answer
400 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
238 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
2k 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?
5
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3answers
14k 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 ...